Stanbic Bank receives KSh 1 billion to from AGF to support SMEs

Stanbic Bank Kenya and the African Guarantee Fund have signed a Loan Portfolio Guarantee Facility to increase financing for SMEs

The Portfolio Guarantee Facility 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

In Kenya, AGF has unlocked financing worth USD 200 million, impacting more than 4,000 businesses.