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DECEMBER 2016 FIVE CHALLENGES WOMEN ENTREPRENEURS FACE IN KENYA WHY WOMEN ARE BETTER INVESTORS THAN MEN 5 BUSINESS IDEAS FOR STAY ATHOME MOMS ive clus Ex WOMAN Kenyan
DECEMBER 2016  FIVE  CHALLENGES WOMEN  ENTREPRENEURS FACE  IN  KENYA  WHY WOMEN ARE BETTER INVESTORS THAN MEN  5 BUSINESS ...
KENYAN WOMAN December 2016 Editor In Chief Bernice Njoroge Associate Editor Frank Dappah Content contributor Susan Njoroge Food Director Leo Gallahager Managing Editor Carla Victorino Style Editor Annette Vandeusen Editorial Assistant Florence Karimi Paladin is published by Walletally Media Publishing Inc All rights reserved American Copyright 2017 by Walletally Media Publishing Inc No part of this magazine may be reproduced in any manner without the permission from the publisher
KENYAN WOMAN December 2016  Editor In Chief     Bernice Njoroge Associate Editor     Frank Dappah Content contributor     ...
cont ents 04 Obstacles Kenyan Women Face in Politics Politics 05 5 Challenges Women Entrepreneurs Face in Kenya Lead 09 Why Women are Better Investors Than Men Investing 11 Empowering Kenyan Women through Microfinance Money 13 5 Business ideas for stay at home moms Bonus Feature KENYAN WOMAN PAGE 02
cont ents 04  Obstacles Kenyan Women Face in Politics Politics  05  5 Challenges Women Entrepreneurs Face in Kenya Lead  0...
from the editor There are a lot of publications all over the world As we begin a brand new year in 2017 it is our who focus on various things At Kenyan Woman it hope at Kenyan woman that we will draw was very Important to highlight the contributions inspiration from women leaders and create big of women to the business and political sector powerful business that will benefit our families Women s contributions make up a fabric of the our employees and society as a whole Women are overall economy and we want to help them a valuable unique resource that is largely succeed even more untapped and not usually shown in a good light In this publication we will aim to show some of the At Kenyan Woman our mission is to show women s problems that women face and how they have value and applaud their accomplishments and be a manage to overcome them We will highlight how good example to the young girl looking for other women all over the world are succeeding and direction how they are leading in business and learn from them Finally In this publications we will give you Happy new year and may your journey in 2017 be tools that you can immediately implement to bright and full of success secure funding and make more money while caring for family Bernice Njoroge EDITOR IN CHIEF
from the editor There are a lot of publications all over the world  As we begin a brand new year in 2017, it is our  who f...
19 Sonia Birdi a nominated member of the Kenyan Parliament Martha Karua former longstanding member of parliament for Gichugu Constituency and an Advocate of the High Court of Kenya Obstacles Kenyan Women Face in Politics The Kenyan political train has left the platform and it is hurtling towards August 2017 The election process is not only hectic but also chaotic It is a tough world where principles or morality holds no sway By all means it is a typical gravy train and almost anything that walks on two legs is trying to be part of the leadership What is mind boggling is the sums semi literate MCA s are making Our MCA s MPs Governors and senators alike are not only making colossal amounts of money in terms of salaries but also heart rending amounts while bleeding this country dry through corruption This brings us to the challenges that women are facing as they try to claim their rightful place within the Kenyan leadership Peaceful protest by Kenyan women By all means it is not easy for a woman to ascend to a position of leadership in this country The first challenge rolls in in the form of insecurity Campaigns in Kenya are more often than not marred by violence and hooliganism Threats to personal safety life are heightened by the socialization that most people have gone through Many men would look down upon a woman who is trying to gain a position of leadership If history serves me right we have witnessed women roughed up during campaigns and actually rigged out of the democratic process of nomination by the party bosses Campaigns and bribery bribing voters have become synonymous with the Kenyan electoral process It has become a well rooted trend that those candidates who have money buy their way into leadership This has become a major challenge to women aspirants because in many cases they do not have the financial muscle to match what their male counterparts have
19  Sonia Birdi, a nominated member of the Kenyan Parliament.  Martha Karua, former longstanding member of parliament for ...
Mr Money bags cruises around the electoral region dishing out money and flooding the youth in a deluge of alcohol hence effectively buying the ignorant and gullible electorate The society has not quite reconciled to the fact that women can play a very important role in the leadership and development of this country It has happened elsewhere e g Liberia and yet the Kenyan voter keep saying that it is un African to have women leaders Presenting the idea of a woman president to the people more often than not the answer you will get is that the president s job is too tough to be handled by a woman Really In this age Is this what we should be teaching our daughters Finally I Challenge the Kenyan legislators The constitution which happens to be the supreme law of the land states clearly that no single gender should hold more than two thirds of elective posts I challenge the male dominated parliament to deal with this issue once for all as they also work on mechanisms to level the ground for all aspirants Martha Karua at a campaign event Campaigns in Kenya are more often than not marred by violence and hooliganism KENYAN WOMAN PAGE 06 politics
Mr. Money bags cruises around the electoral region dishing out money and flooding the youth in a deluge of alcohol, hence ...
5 CHALLENGES Black Female entrepreneur WOMEN ENTREPRENEURS FACE IN KENYA By Rebecca Michael Entrepreneurship was once thought to be a man s sport but that perception has changed More than 8 million U S companies are now women owned For the first time the Center for Women s Business Research has utilized a methodology to measure the economic impact of the 8 million U S businesses whose majority ownership is women That being said women still continue to face unique challenges in business today Challenges not often shared by their male counterparts But being a woman entrepreneur in Kenya is even more difficult Women entrepreneurs in Kenya face a myriad of problems ranging from from lack of capital insufficient business management skills societal biases and prejudice work life balance etc Here are 5 of the most common challenges women entrepreneurs face in Kenya 1 Lack of capital Every startup needs capital from day one Many women entrepreneurs in Kenya find it difficult to raise sufficient capital This essentially relegates them to small scale businesses with no growth prospects On the other hand it is very difficult to get loans from financial institutions because most of them require collateral In many Kenyan cultures women are not allowed to own property therefore they can not use title deeds in the process of acquiring bank loans
5 CHALLENGES  Black Female entrepreneur  WOMEN ENTREPRENEURS FACE IN KENYA  By Rebecca Michael Entrepreneurship was once t...
2 Insufficient business management skills Insufficient business management skills are another problem that women entrepreneurs have to bear with For a startup to break even and prosper the proprietor needs sound business management skills Some of the entrepreneurs lack the prerequisite business management know how and essentially this often leads to the collapse of the venture 3 Societal prejudice and biases Societal prejudice and biases also affect women entrepreneurship in Kenya A large portion of the population still believes that a woman s place is in the kitchen Hence a woman venturing in business may be viewed as societal misfit These biases are also witnessed when it comes to certain ventures Some business ventures are viewed as a man s job like opening and operating a garage Many people do not expect women to venture into this field and among many others for it is considered a man s job 4 Employee management and turnover Employee management and turnover is another problem This may be viewed in the sense that many men do not feel comfortable having female bosses and they may not take it well if they are given directives by a woman Sometimes this leads to loss of employees hence affecting the smooth operations of the startup 5 Work life balance Women entrepreneurs in Kenya have to balance their business life while managing their homes Unlike men who are traditionally accorded leeway when it comes to domestic matters women are expected to take care of their homes Essentially this leads to overworking and might lead to eventual burn out and finally collapses of the startup KENYAN WOMAN PAGE 08
2. Insufficient business management skills Insufficient business management skills are another problem that women entrepre...
FEATURE WHY WOMEN ARE BETTER INVESTORS THAN MEN Women typically save more Research by Fidelity investments shows that the average woman saves about save 9 of their monthly pay while men 7 These monies add up to a whole lot I guess there is a reason why women are over an extended period of time Extensive typically the go to members of the family research conducted by the likes of Terrance when it comes to budgeting and money Odean and Brad Barber also show that not only management A couple of studies just out are women better at saving they also make show that when it comes to saving and much better investors than men Women investing women once again beat their male outperform men by at least counterparts returns per year 1 in investment
  FEATURE     WHY WOMEN ARE BETTER INVESTORS THAN MEN.   Women typically save more. Research by Fidelity  investments show...
Great stewards of their own portfolios Other studies have sought to understand why women earn higher returns on investment than men A study of approximately 60 000 investors done by advisers at robo advisor found that one of the factors influencing the difference is that women overall logged into their accounts 45 less frequently than men Women also changed their asset allocation 20 less frequently than their male counterparts 23 Better Fund managers I find that women not only make better investors but certain typical characteristics of women make them better stewards of investment capital Women will typically adapt the style of a natural value investor picking equity holdings that provide value over a longer period of time Women will employ traditional risk management techniques and will usually produce higher returns when employed in an institutional investor capacity For example researchers examined hedge funds with all female portfolio managers they were able to find 244 such funds and found that women run funds would outperform ones headed by men over a long period of time KENYAN WOMAN PAGE 10 Young black mother placing stock trade orders Research by Fidelity investments shows that the average woman saves about 9 of their monthly pay while men save 7 cheflifemagazine com investing
Great stewards of their own portfolios Other studies have sought to understand why women earn higher returns on investment...
EMPOWERING KENYAN WOMEN THROUGH MICROFINANCE Florence Karimi Walletally com writer Since their establishment in Kenya microfinance institutions have helped many Kenyans establish businesses and improve their financial status KENYAN WOMAN PAGE 11
EMPOWERING KENYAN WOMEN THROUGH MICROFINANCE Florence Karimi, Walletally.com, writer  Since their establishment in Kenya, ...
You have probably heard about microfinance in the past but have never given it much thought Well the term microfinance stands for institutions lending financial services such as microloans savings and insurance These services are available to an average Kenyan who doesn t have a salary Since their establishment in Kenya microfinance institutions have helped many Kenyans establish businesses and improve their financial status Self employed mama mbogas single mothers and other low income earning women are the greatest beneficiaries of microfinance How can women benefit from Microfinance Through joining hands and creating chamas women can save with a microfinance institution of their choice After their money has accumulated to the desired amount they secure microloans which help them start or expand their businesses This way many women have been able to provide for their families and even support their husbands in starting projects Microfinance institutions have lifted the need of collateral while applying for microloans This lift has been one of the biggest benefits Kenyan women have had to enjoy The average Kenyan woman has been able to save the little she gets on a daily basis and finally use it to secure a small loan This is what has led to many women being in business today Other general benefits of micro finance institutions include Access to small loans Micro finance institutions are governed by the philosophy that even small loans can help you avert poverty Unlike banks you can secure small loans with little or no collateral from a micro finance institution Better loan repayments rates It will be unlikely that a woman can default paying her loan For this reason microloans are available at low and favorable rates Job creation with as little as Kshs 5 000 a woman can start a business grow it with time and create employment opportunities for the benefit of the entire community MFI continue to offer support to many Kenyan women and their services get better by day Improvement in services is spurred on by stiff competition in the sector A recent law forced banks to lower loan interest rates making it hard for the average earning Kenyan to secure a loan The result will be more people turning to MFI s Do you have a realistic business idea but lack funds Or are you an upcoming entrepreneur and looking for an expansion loan Pop in one of the many MFI and ask for information about their money lending services and requirements We will probably meet one day after your business has already flourished Microfinance institutions such as Faulu Kenya have further supported women s education through the provision of education policies Female Entrepreneur at her startup office
You have probably heard about microfinance in the past but have never given it much thought. Well, the term microfinance s...
BONUS FEATURE 5 BUSINESS IDEAS FOR STAY ATHOME MOMS By Florence Karimi Photo by Jessica Lee Are you a stay at home mom Do you want to contribute to your family s income without compromising your quality time with your children Well you have come to the right place This article outlines five great business ideas that you can run and still enjoy motherhood 1 Start a Daycare Home childcare is a potentially lucrative and sustainable business opportunity in Kenya With most moms being in the working class category they need someone to look after their babies It is hard to entrust house girls after the many incidences of child abuse A mother would feel assured of her children s safety if a fellow mom is looking after them and in a home environment If you do a good job of looking after the kid you may have the opportunity of taking care of the child till they get to school age The happy mother is likely to refer friends and other parents in the neighborhood for your services You will however need to comply with any set local regulations NOMADIC 24
BONUS FEATURE  5 BUSINESS IDEAS FOR STAY-ATHOME MOMS By Florence Karimi Photo by Jessica Lee  Are you a stay at home mom  ...
PAGE 13 BONUS FEATURE TIPS 2 Turn your Hobby into a Business 4 Food and Baking Business Advancement in technology has made the world a place where you can quickly sell your hobbies for a fee You simply do the things you love and sell the products online There are many things you can do in this category including painting sewing crocheting and hairdressing among many others All these hobbies don t require a significant investment and you can do them from the comfort of your home You can make use of the social media platforms to market your services and products I never knew one could cook and bake from home and later sell until I saw my cousin do it If you have cooking skills you can make foods such as samosas mandazi chapati and later distribute to shops 3 Freelance Writing Freelancing is very common in Kenya today with many youths making a living through it Well you don t necessarily have to be a young mother to embark on writing There are many online platforms where you can acquire writing contracts To market your business take advantage of social gatherings such as church meetings and social media marketing Let people know that you can cook and offer catering services in functions Prepare all your foods at home and pack nicely for delivery It only takes one or two happy clients to get referrals If not sure where to start join Facebook groups such as Awesome Transcribers Kenya and Remarkable Freelance Writers in Africa 5 Blogging The excellent thing about this job is that it requires no significant investment All you need is a laptop or a home computer a steady internet connection and research skills If you are not sure where to start join Facebook groups such as Awesome Transcribers Kenya and Remarkable Freelance Writers in Africa In these groups you can connect with other freelancers ask any questions you might have get training and connections as well as get inspiration Yes you can make a lot of money from blogging There is that thing you are passionate about create a blog and write about it Personally I follow several blogs of stay at home moms most of which talk about fashion cooking tips and Do it Yourself projects Blogging might not start earning you money immediately but once it starts you will be happy that you started it Try one of these ideas and you will give your life a whole new meaning while still enjoying motherhood You will experience every moment in your children s life and still have an opportunity to be financially independent
PAGE 13  BONUS FEATURE  TIPS  2. Turn your Hobby into a Business  4. Food and Baking Business  Advancement in technology h...
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