Global lenders back plan for SMEs loans guarantee scheme

Central Bank of Kenya Governor Patrick Njoroge. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) has reached out to four international lenders in its effort to craft a credit guarantee scheme to help small and medium enterprises (SMEs) survive the coronavirus crisis.

The institutions involved in the credit guarantee scheme include the World Bank, International Finance Corporation, European Investment bank and the African Development Bank.

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