Gulf African Bank in Sh550m SME loan insurance scheme

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A Gulf African Bank branch in Nairobi. FILE PHOTO | NMG

Shari’ah-compliant financier Gulf African Bank has partnered with the African Guarantee Fund (AGF) in a deal that will provide up to Sh550 million credit guarantee to women-owned Small and Medium-Sized Enterprise (SME) loans.

The credit risk guarantee collateral cover seeks to avail financing facilities to SMEs that qualify for a loan but lack enough collateral.

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