IFC renews partnership with I&M Bank to support Kenyan SMEs
The International Finance Corporation (IFC) has provided a credit line of US$50million to I&M Bank Ltd. to support lending to small and medium businesses in Kenya.
The International Finance Corporation (IFC) has provided a credit line of US$50million to I&M Bank Ltd. to support lending to small and medium businesses in Kenya.
Gulf African Bank has signed a Sh100 million agreement with the African Guarantee Fund to support lending to Kenyan SMEs.
Kenya's I&M Bank has agreed a Sh100 million (US$1.1 million) deal with the African Guarantee Fund (AGF) to back up its SME lending.
Equity Bank has secured a Ksh8.3 billion (EUR76 million) loan from the International Finance Corporation (IFC) for lending to SMEs in the region.
The Government-run Youth Enterprise Development Fund is to start guaranteeing loans borrowed by its members from commercial banks as it seeks to interest more institutions to support upcoming ventures.
The IFC, the World Bank's private lending arm, is to extend additional trade finance funding to developing nations.