I&M lends SMEs Sh2 billion green loans in three years

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Kihara Maina, CEO, I&M Bank Kenya. PHOTO | DIANA  NGILA | NMG

I&M Bank has disbursed over Sh2 billion in loans to Micro, Small and Medium Enterprises (MSMEs) through its green energy funding scheme, translating into over 33 per cent uptake of the Sh6 billion reserve set aside for climate action projects since 2019.

Following this uptake in a span of three years, the lender has committed to pumping an additional Sh6 billion into the kitty to finance renewable energy projects placing more emphasis on green transportation.

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