Deadline: October 25th 2023 | Kenya’s Wonder Programme For Female Entrepreneurs
| Title: | Kenya’s Wonder Programme For Female Entrepreneurs |
| Organisation: | African Development Bank under the Affirmative Finance Action for Women in Africa (AFAWA) |
| Fund/Benefit: | Develop and optimise their ideas |
| Deadline: | October 25th 2023 |
| Eligible countries: | Women only in Kenya |
The Wonder Programme intends to increase the ability of 150 female business owners through training over the course of three years in order to increase business efficiency and growth.
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By providing them with the tools, information, and skills they need to refocus and optimise their enterprises for expansion, this will be accomplished.
The WONDER investor readiness and business development accelerator programme aims to establish 30 legally binding women-led businesses with particular attention to their innovative potential as well as their long-term social and environmental viability.
The project’s impact will be shown through a novel strategy to increase the access of African businesses to capital, as well as through the provision of services and training that combine business acceleration with skill development.
The African Development Bank provided funding for the WONDER programme under the Affirmative Finance Action for Women in Africa (AFAWA) initiative, which was executed in Kenya and Cameroon.
Benefits
- Access to knowledgeable mentors and coaches to help them optimise their ideas
- Versatile Options
- Take part in a 9-month, customised acceleration programme.
- Opportunities for networking in the area
- Potential investors are available
- Opportunities for cooperation with industry peers
- Recognition and exposure via periodicals and the WONDER website page.
Application Requirements
- Women-run businesses or companies having a majority of female shareholders
- Preference for businesses with female CEOs and COOs
- Where there is a board of directors, there should be at least 50% women on it.
- Enterprise should be able to handle loans between $5,000 and $1,000,000 in size.
- Between 5 and 300 people work for Enterprise, with at least 50% of them being women.
- Between $100,000 and $15,000,000 in annual sales
- The company needs to be registered in Kenya.
For more information, visit AFAWA.
