KCB Bank Kenya Secures US$100 Million EBRD Facility to Expand MSME Financing
KCB Bank Kenya has secured a $100 million facility from the EBRD to expand financing for micro, small, and medium enterprises. The funding specifically targets women-led businesses and green investments to promote sustainable economic growth.
Why it matters
Increased access to capital for MSMEs is a primary driver of job creation and climate-resilient development in emerging markets.
The funding is expected to help businesses adopt climate-smart technologies and sustainable business practices while improving access to affordable financing.
KCB Bank Kenya has secured a US$100 million (KSh12.9 billion) financing facility from the European Bank for Reconstruction and Development (EBRD) to expand access to credit for micro, small and medium enterprises (MSMEs), strengthening its support for entrepreneurship, job creation and sustainable economic growth in Kenya.
Under the financing framework, 35% of the facility will be allocated to women- and youth-led businesses, while 30% will support eligible green investments. The funding is expected to help businesses adopt climate-smart technologies and sustainable business practices while improving access to affordable financing.
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