KCB Kenya
BIO has granted USD 42.6 K of technical assistance to KCB Kenya, a Kenyan commercial bank.
Amount
€ 42,512.20
Type of investment
Subsidy
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).
Technical assistance
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.
Expected impact
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
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.
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