September 29

Sidian Bank Signs Guarantee Deal for Health Sector SME Loans in Kenya

By Bonface Otieno

Sidian Bank has signed an agreement with two US agencies for cover against defaults on health sector SME loans worth Sh965 million ($8million).

The portfolio guarantee is being offered by the United States International Development Finance Corporation (DFC) and United States Agency for International Development (USAID). It is part of the lender’s effort to bridge the financing gap facing the health care sector in Kenya.

The facility is targeting clinics, hospitals, pharmacies, personal protective equipment providers and diagnostic laboratories, covering any shortfall they have in their collateral when borrowing from Sidian Bank.

Photo courtesy of sergio santos.

Source: Business Daily (link opens in a new window)

Health Care