KCB Bank has partnered with renewable energy firm Sentimental Energy in a venture that aims to roll out solar power solutions to learning institutions across the country and help them slash electricity bills.
Under the agreement, KCB will offer collateral-free green loans at an annual interest rate of 9.75 percent to eligible schools for a maximum tenure of seven years. Public schools will be able to access up to Sh20 million in financing while private institutions can borrow up to Sh10 million. The repayment structure is designed to leverage cost savings generated from reduced reliance on the national grid.
