Browsing: funds for SMEs

Digital SME marketplace  Solv Kenya In SCF Partnership With MSMEs and Standard Chartered bank to provide micro, small, and medium-sized enterprises (MSMEs) with access to supply chain financing at competitive interest rates.

On the e-commerce platform, buyers and sellers will be able to improve the efficiency of their supply chains thanks to the partnership, which will last for three months.

  • Solv Kenya has partnered with Standard Chartered to offer MSMEs affordable supply chain financing
  • The three-month partnership will help buyers and merchants to increase their supply efficiency on the e-commerce site
  • As part of the agreement, over 700 micro, small, and medium-sized enterprises (MSMEs) will have the opportunity to network with representatives from various financial institutions

During the first quarter of the trial period, Solv collaborated with eight multinational manufacturing and trading organisations, over 700 micro, small, and medium-sized enterprises (MSMEs), and three financial partners to co-design an invoice financing …

  • Stanbic Bank Kenya and the African Guarantee Fund for Small & Medium-sized Enterprises (AGF) have signed a Loan Portfolio Guarantee Facility to increase financing for SMEs
  • The Portfolio Guarantee Facility of KES 1 Billion will allow Stanbic Bank Kenya to expand their lending capacity and coverage to SMEs
  • The partnership agreement between Stanbic Bank and African Guarantee Fund targets women-owned businesses, as well as those in the sustainable energy sector

Stanbic Bank Kenya and the African Guarantee Fund for Small & Medium-sized Enterprises (AGF) have signed a Loan Portfolio Guarantee Facility to increase financing for Small and Medium Enterprises (SMEs).

The Portfolio Guarantee Facility of KES 1 Billion will allow Stanbic Bank Kenya to expand their lending capacity and coverage to SMEs.

The Head of Business and Commercial Clients at Stanbic Bank Kenya, Florence Wanja, said they remain committed to solving the holistic needs of their SME client segment and …