Family Bank Acting Managing Director and Chief Executive officer Nancy Njau. [James Wanzala, Standrad]
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The European Investment Bank's development arm (EIB Global) and Family Bank are mobilising Sh14.7 billion (Euros 100 million) to finance women-owned and led businesses, and youth entrepreneurs in the country.
Each of the institutions will contribute Sh7.35 billion (Euros 50 million). "EIB Global is providing Euros 50 million credit line to Family Bank, which will match the sum in an agreement to expand loans for Kenyan small and medium-sized enterprises (SMEs) and Mid-Caps," noted a statement from the bank.
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