Women perceive a slightly higher level of gender bias than men while accessing financial services in Kenya, according to findings from a Tala research survey.
Tala, Kenya’s largest non-banking lender surveyed over 800 Kenyans to identify the challenges and opportunities faced by women entrepreneurs in emerging markets, especially regarding accessing financial services.
65% of women respondents stated that gender bias was “moderate” to “extreme” in financial services. The majority of both men and women reported perceiving some level of gender bias in the financial services industry.
On access to credit, 64% of women respondents reported experiencing challenges accessing financial services while 56% of female respondents reported it was tough to finance their businesses. 62% of respondents said gender does not impact getting a loan, men were however much more likely to report it as ‘very easy’ to finance their businesses while only 7% of women reported the same.