Kenya launches a 51.7M USD World Bank-funded project to aid Small and Medium Enterprises (SMEs) through concessional loans and technical support.
Kenya has launched a 51.7 million USD World Bank-funded project called Supporting Access to Finance and Enterprise Recovery, aimed at assisting Small and Medium Enterprises (SMEs). The project provides participating financial institutions with concessional loans to lend to small entrepreneurs. Loans range from 7,000 shillings to 250,000 shillings, with tenors of up to 18 months for microloans and up to three years for small loans. The World Bank will offer technical and advisory support to improve the efficiency of participating financial institutions in lending to SMEs.
March 11, 2024
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