KCB Bank Kenya has entered a partnership with Swedish International Development Cooperation Agency (SIDA) to insure the lender against defaults of up to Sh1 billion as it seeks to expand its loan book to small and medium enterprises (SMEs).
The guaranteed line will be in place for seven years and is poised to strengthen KCB’s commitment to financing SMEs, which continue to experience operational hurdles, especially in regard to access to affordable credit.
