Loans disbursed under the State-backed credit guarantee scheme have stagnated at Sh6.3 billion, mirroring the lackluster performance of the programme tipped to enhance credit access by micro, small, and medium enterprises.
The scheme, which seeks to share default risks between banks and the State and thereby increase the pool of funds available for lending, registered a marginal growth of Sh100 million in the first eight months of 2024 to Sh6.3billion, up from Sh6.2billion at the end of December 2023.
