Businesses registered with the Kenya National Chamber of Commerce and Industry (KNCCI) will access long-term credit of up to Sh500 million from the Kenya Development Corporation (KDC) under a new pact signed between the two bodies.
The lowest loan amount under the plan targeting the over 3,000 KNCCI members—both SMEs and large enterprises—has been pegged at Sh10 million and the maximum at Sh500 million, at a base interest rate of nine per cent before risk premium is priced in depending on the borrower’s credit profile.
