Victoria Commercial Bank
USD 10 million
SIFEM investment
2019
Year
Region: Kenya
Sector: Financial Services
Financial instrument: Senior Loan
Financial intermediary:
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.