KCB Kenya
BIO has granted a USD 22 M loan to KCB Kenya, the largest commercial bank in Kenya.
Amount
€ 18,040,180.40
Type of investment
Debt
Development impacts
- Local economic growth
- Food security & rural development
- Gender
Beneficiary locations
Investment field
Financial Institutions
Activity
Kenya Commercial Bank Kenya (KCBK) is a subsidiary of the holding of KCB Group (KCBG), the largest banking group in east Africa and leading the market in terms of branch network (360), assets (around USD 9 bn) and customer base (around 22.8 M) with presence in 7 countries: Kenya (HQ), Tanzania, South Sudan, Uganda, Rwanda, Burundi & Ethiopia (representative office).
KCB Kenya is seeking to enlarge its MSME portfolio and to build on its existing support for clean energy, green buildings, and climate-smart agribusinesses projects, helping Kenya meet its climate targets.
The transaction is part of a $150m syndication by IFC, together with SANAD and Symbiotics.
The loan will help expand financing to unique market segments like women and youth-owned enterprises
Joshua Oigara, KCB Group Chief Executive Officer & Managing Director
Development impacts
-
Local economic growth
Credit provision to MSMEs
-
Food security & rural development
Food security and rural development - Access to credit for rural/agricultural MSMEs and cooperatives
-
Gender
Promotion of gender equality: 2X eligible on three criteria (Leadership, Employment & Consumption)
Read impact and news about this project
News
IFC, BIO, SANAD & Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs
16-03-2021
IFC, BIO, SANAD, and Symbiotics announced a loan to KCB Bank Kenya Ltd to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.
View more of our investments in this region
Financial Institutions
BRAC International Finance
12,815,000.00
Liberia, Sierra Leone, Tanzania, Uganda
08/11/2024
Debt
