The European Investment Bank (EIB), through its development arm EIB Global, is providing a €50 million (Sh7.18 billion) loan to Family Bank, with the Kenyan lender matching the amount to provide a total financing of €100 million (14.3 billion) to small and medium-sized enterprises owned by women and youth.
In a joint statement, the partners said at least 50 percent of the financing will target businesses owned or run by women while a further minimum of 30 percent will be extended to youth entrepreneurs.
