Signature(s)
Summary sheet
- Credit lines - Credit lines
The facility provides funding to KCB Bank Kenya to support micro and small enterprises impacting positively on gender equality and women's economic empowerment. Micro and small enterprises play a significant role in Kenya's economy, by providing goods, services and creating employment across all economic sectors. However, their growth opportunities are often limited, being often excluded from the traditional banking system, due to perceived higher credit risk and lower appetite by the formal financial institutions.
The aim is to enhance access to finance for the target beneficiaries and contribute to financial inclusion, supporting in particular those micro and small businesses owned or managed by women, in line with the 2X Challenge Criteria. As such, the operation is expected to achieve a high development impact.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Under EFSD+ Guarantee
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Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
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