State's SME guarantee fund issues loans worth Sh3.3b

A small-scale trader serves fruits to a customer at a stall at Muchatha shopping centre in Kiambu County in January 2022. Most Kenyans are engaged in SMEs. [Martin Mukangu, Standard]

The government's Credit Guarantee Scheme (CGS) had disbursed over Sh3.3 billion to 2,490 enterprises as of June this year, new data shows.

This is against the total value of repaid facilities of Sh407 million, according to the latest financial report from the National Treasury. The scheme was created to ease credit access to micro, small and medium enterprises (MSMEs) in the wake of the Covid-19 pandemic.