Absa Bank, African Guarantee Fund to boost credit accessibility for local small businesses

KENYA – Absa Bank Kenya Plc has signed a KSh1.25 billion (US$10.99m) Loan Portfolio Guarantee Facility with the African Guarantee Fund (AGF) to boost credit accessibility for local small businesses and startups. The guarantee line will be in place for a period of five years and avails up to KSh100 million (US$0.88m) in single borrower limit. In addition to credit…

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