Rejected by banks, Kenyan LGBTQ+ entrepreneurs turn to loan sharks
Mary Akinyi, an intersex woman from the city of Mombasa, ended up borrowing money from a loan shark after being turned down for bank credit – a situation faced by many Kenyan LGBTQIA+ entrepreneurs, advocates say. Akinyi said that despite having a solid business plan and credit score, she was told by a loan manager at the Kenya Women Finance Trust Bank in Nairobi she had been rejected because her gender identity did not match her ID card. “It was disheartening, I felt rejected, dejected and out of place because…
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