BIO has granted USD 42.6 K of technical assistance to KCB Kenya, a Kenyan commercial bank.
Type of investment
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).
The technical assistance is aimed at expanding the availability of and access to non-financial services for women-led MSME clients through the creation of an educational mobile application.
Through the support of the Business Development Support Fund, the bank will be in a position to facilitate access to credit for women-owned MSMEs
Read impact and news about this project
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
Kenya, Nigeria, South Africa