Browsing: funds for SMEs

The new small business capital funding solutions, which are powered by modern and cutting-edge financial technologies, possess the potential to help small enterprises with their funding problems.

By providing bespoke credit options and innovative loan solutions, these modern fintech lenders have the ability to transform the finance ecosystem for small businesses.

SCF lenders have a larger outreach among small businesses, which ensures quicker loan approvals and seamless transaction processing on scheduled schedules with flexible terms.

This is in comparison to large lending institutions, which have a far more limited customer base. SCF companies have differentiated themselves from traditional lenders by developing a tech-enabled operational interface.…

• Stanbic Bank Kenya and the African Guarantee Fund for Small & Medium-sized Enterprises (AGF) have signed a Loan Portfolio Guarantee Facility to increase financing for SMEs
• The Portfolio Guarantee Facility of KES 1 Billion will allow Stanbic Bank Kenya to expand their lending capacity and coverage to SMEs
• The partnership agreement between Stanbic Bank and African Guarantee Fund targets women-owned businesses, as well as those in the sustainable energy sector

Stanbic Bank Kenya and the African Guarantee Fund for Small & Medium-sized Enterprises (AGF) have signed a Loan Portfolio Guarantee Facility to increase financing for Small and Medium Enterprises (SMEs).

The Portfolio Guarantee Facility of KES 1 Billion will allow Stanbic Bank Kenya to expand their lending capacity and coverage to SMEs.

The Head of Business and Commercial Clients at Stanbic Bank Kenya, Florence Wanja, said they remain committed to solving the holistic needs of their SME client segment and …