Swiss Investment Fund
for Emerging Markets

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Victoria Commercial Bank LTD

Victoria Commercial Bank (VCB) is a privately-owned bank specialised in SME finance with a focus on medium companies. Through its four branches in Nairobi, it reached more than 800 borrowers and around 2,300 depositors in 2018. The Bank aims to grow by expanding its SME customer base.

Victoria Commercial Bank LTD

Victoria Commercial Bank (VCB) is a privately-owned bank specialised in SME finance with a focus on medium companies. Through its four branches in Nairobi, it reached more than 800 borrowers and around 2,300 depositors in 2018. The Bank aims to grow by expanding its SME customer base.

About the fund

SMEs in Kenya account for 78% of the entire labour force but they lack access to finance and are therefore constrained in their growth prospects. SIFEM’s loan of USD 10 million to Victoria Commercial Bank will support access to credit for SMEs and contribute towards the creation and maintenance of jobs.

Reference code
2019-01
Status
Active
Date of commmitment
April 2019
Date of exit
-
SIFEM commitment
USD
10,000,000
Asset class
Private Debt
Investment strategy
Direct Investment