Signature(s)
Summary sheet
- Credit lines - Credit lines
The project consists in a credit facility to enhance access to finance for micro, small and medium-sized Enterprises (MSMEs) and mid-caps, which play an important economic role in driving growth and creating employment, contributing to over 90% of the workforce. The sector is however facing constraints in accessing finance, in particular young people, which are the vital driving force of inclusive economic growth and sustainable development in Kenya.
The aim is to enhance access to finance to the target beneficiaries via KCB's targeted financial products and support a conducive environment for private sector investments, which are vital to create jobs and income opportunities. The operation will support the private sector inclusive growth, decent job creation for young people and youth entrepreneurship across the country.
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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