KCB Bank sets aside Sh2 billion to support MSMEs in Laikipia County

The County Government of Laikipia and KCB Bank Kenya signed a partnership agreement that saw the bank put aside Sh2 billion targeting to support 5,000 business entities in the Micro, Small and Medium Enterprises (MSMEs) within the county to help them weather the COVID-19 crisis.

Under the arrangement, KCB will provide affordable loan facilities to enterprises and cooperative societies whose businesses have been affected by the outbreak of the pandemic. In the arrangement, the County Government will pay part of the interest while business entities and cooperative societies pay the balance.