SME's to benefit from Sh. 6 Billion fund which will take up 75% credit risk

KTN News Dec 09,2019


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SMEs Will Now Be Able To Access Over Sh. 6 Billion In Credit Through Local Financial Institutions. This Follows A Counter Guarantee Agreement Entered Between The French Development Agency (AFD) And The Africa Guarantee Fund (AGF). Under Agreement The Two Institutions Will Take Up 75% Of The Lending Risk Making It Easier Of Financial Institutions To Lend To SMEs With An Additional Component Targeted At Women Owned And Run Enterprises.