Small businesses to access low-interest loans from World Bank-funded project

KDC Director General Norah Ratemo speaks as Cooperatives CS Simon Chelugui (left) looks on during the launch of SAFER. [Jonah Onyango, Standard]

Small businesses can now access low-interest loans through the Supporting Access to Finance and Enterprise Recovery (SAFER) project.

SAFER, the brainchild of the government through the Kenya Development Corporation (KDC), the Ministry of Investment, Trade and Industry (MITI), and the National Treasury, is one of the four projects funded by the World Bank.