The Chase Bank and Rabo Development Deal Opens Branches in Kenya
Jana Pijak — June 26, 2015 — Business
References: capitalfm.co.ke
A recent partnership between Chase Bank and Rabo Development is said to result in a set of newly opened bank branches in Kenya. The merger aims to increase the nation's access to financial services like agricultural finance and youth banking.
This socially-fueled partnership is also said to offer banking for women in Kenya and hopes to provide small and medium-sized businesses with access to credit loans, savings accounts and investment plans. The Chase Bank and Rabo Development deal proposes a two year strategy that will create financial inclusion for Kenyan citizens.
The move does not only increase Chase Bank's global visibility but also offers banking capabilities to those in developing nations while giving hope to others without financial access around the world.
This socially-fueled partnership is also said to offer banking for women in Kenya and hopes to provide small and medium-sized businesses with access to credit loans, savings accounts and investment plans. The Chase Bank and Rabo Development deal proposes a two year strategy that will create financial inclusion for Kenyan citizens.
The move does not only increase Chase Bank's global visibility but also offers banking capabilities to those in developing nations while giving hope to others without financial access around the world.
Trend Themes
1. Financial Inclusion - The Chase Bank and Rabo Development merger aims to increase access to financial services, including agricultural finance and youth banking.
2. Banking for Women - The partnership between Chase Bank and Rabo Development seeks to provide banking opportunities specifically tailored to women in Kenya.
3. Small and Medium-sized Business Support - The collaboration between Chase Bank and Rabo Development aims to offer credit loans, savings accounts, and investment plans to small and medium-sized businesses in Kenya.
Industry Implications
1. Banking - The partnership between Chase Bank and Rabo Development opens up new opportunities for inclusive financial services in Kenya's banking industry.
2. Agriculture - The merger between Chase Bank and Rabo Development presents disruptive innovation opportunities for agricultural finance in Kenya's agriculture industry.
3. Social Impact - The Chase Bank and Rabo Development partnership brings disruptive innovation possibilities to the social impact industry by increasing access to financial services in developing nations.
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