February 24

Women, Green SMEs to Reap Big From Absa’s KSE 1.25 Billion Loan Facility in Kenya

By Carolyne Tanui

Absa Bank Kenya Plc Monday signed an Sh1.25 billion Loan Portfolio Guarantee Facility with the African Guarantee Fund (AGF) to boost credit accessibility for local small businesses, including start-ups.

Under the deal which will be in place for 5 years, a borrower can access up to Shs100 million in a single limit.

To qualify for funding, targeted businesses must represent new or incremental business only geared towards investments and/or working capital for growth with green and women in business enterprises accessing up to 75 percent cover.

Photo courtesy of uusc4all.

Source: Capital FM Kenya (link opens in a new window)

financial inclusion, startups, women entrepreneurs