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I&M gets Sh2bn loan risk insurance from Swedish fund
I&M Bank Retail and Business Banking Director Shameer Patel makes his remarks during the I&M Bank and B Lab Africa Partnership Capacity-Building Program launch on March 04, 2026 at the Hyatt Regency.
Photo credit: Francis Nderitu | Nation Media Group
I&M Bank Kenya has signed risk-sharing guarantee partnership worth $30 million (Sh3.88 billion) with the Swedish International Development Cooperation Agency (Sida), targeting sustainable and climate-aligned projects across Kenya.
The pair is funding the partnership on a 50:50 basis, where Sida will provide a guarantee of $15 million (Sh1.94 billion), covering eight years. This means that Sida will absorb potential loan defaults of up to Sh1.94 billion and will receive a fee from the bank for this insurance service.
