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The Broad Experience

The Broad Experience 12: Kenyan entrepreneurs

The Broad Experience

The Broad Experience

Careers, Society & Culture, Business

5.0592 Ratings

🗓️ 5 February 2013

⏱️ 13 minutes

🧾️ Download transcript

Summary

Africa's economies are growing fast and this is partly linked to entrepreneurship. Women make up a large number of African entrepreneurs, so when I went to Kenya in January on a Habitat for Humanity trip I was keen to interview a couple. Find out why Kenyan men are apparently chilling out as Kenyan women do more and more in the workforce, and meet the young woman who is putting the youth from Africa's largest slum on the filmmaking map.

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Transcript

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0:00.0

Welcome to the Broad Experience, the show about women, the workplace and success. I'm Ashley Milthight.

0:08.8

Some of you know that I spent two weeks in January in Kenya building a house with a team from Habitat for Humanity.

0:15.5

Before I left for the build site in the Rift Valley, I spent a couple of days in the capital, Nairobi.

0:22.0

Africa is bursting with entrepreneurs, many of them women, most of them working to pull themselves out of poverty by

0:27.2

running micro businesses such as fruit and vegetable stools or selling secondhand clothes, what the

0:33.0

World Bank calls the informal sector of the economy. While I was in Nairobi, I interviewed two women

0:39.3

who became entrepreneurs after working in the formal private sector first, one in the film industry,

0:45.1

the other for a large corporation. Lydia Cayenne runs an event management company called

0:50.7

Safana Holdings, which she started 12 years ago. She employs 14 people.

0:56.2

While many women in Kenya still struggle to secure a bank loan, Lydia says her bank has been her

1:01.4

main source of funding since she started the business. When I chat with my banker, he says

1:06.9

they find it easier and better to give women loans than men, you know.

1:13.2

And of course, if you have a track record that, you know, if you tell them that you're going

1:18.3

to pay the money at a certain time and you actually pay it, I must say that is what has

1:23.1

helped me. I've not got finances from individuals, but I got it from my bank.

1:29.5

I asked if, as in the US and elsewhere, there are groups in Kenya that support female entrepreneurs.

1:35.5

Yes, there are quite a number of those groups, but I must tell you, in Kenya, every woman is an entrepreneur, you know, because when I look around now, I find that

1:47.8

most homes are actually supported by women. Hers is one of them. Her former husband also had his own

1:54.8

business, but Lydia says he wasn't running it well, and even though she implored him to pack it in and join

2:00.4

her company, he wasn't interested. Eventually, the even though she implored him to pack it in and join her company,

2:01.5

he wasn't interested.

2:03.0

Eventually, the business went down and he lost a lot of his and other people's money.

...

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