National Bank launches loan guarantee scheme for SMEs

Small and medium sized enterprises are set to benefit from a loan portfolio guarantee scheme, spearheaded by National bank of Kenya, NBK.
The lender has signed an agreement with African Guarantee Fund AGF, to support growth of SMEs specifically in water, sanitation and hygiene sector, women businesses and those in the green sector. The one point one three billion shilling facility will offer partial guarantee in respect of defaults arising from loans to the target market. NBK is banking on the facility to ease SMEs access to credit with favourable terms.

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