The Kenya National Chamber of Commerce and Industry (KNCCI) and the Mastercard Foundation have started disbursing Sh600 million in interest-free loans earmarked for youth and women-led small businesses.
The loans are part of the Covid-19 Recovery and Resilience Programme. They are targeting small businesses that have borne the brunt of the negative effects of the Covid-19 pandemic, which caused the Kenyan economy to contract by 5.7 percent in the second quarter of the year.
