KCB, Kiambu ink Sh1.3bn youth firms financing deal

Customers at a KCB branch in Nairobi. FILE PHOTO | NMG

Top tier lender KCB Bank #ticker:KCB has inked a funding deal with Kiambu County government aimed at cushioning local youth and traders against Covid-19 economic shocks.

Under the deal, KCB Bank will advance Sh1.3 billion to individuals and start-ups hard-pressed by the pandemic with county government acting as guarantor having deposited Sh138 million to the lender as collateral.

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