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    Drama as DCI releases ex-Mungiki leader Maina Njenga

    Drama as DCI releases ex-Mungiki leader Maina Njenga

    Chinese hackers attacked Kenyan government as debt strains grew – Reuters

    Chinese hackers attacked Kenyan government as debt strains grew – Reuters

    Former rugby player Alex Olaba sentenced to 6 years in jail

    Former rugby player Alex Olaba sentenced to 6 years in jail

    Green Card lottery results to be available online starting Saturday

    Kisii Bishop arrested for scamming US Visa aspirants out of millions

    Ruto nominates Wafula Chebukati’s wife to head Commission on Revenue Allocation

    Ruto nominates Wafula Chebukati’s wife to head Commission on Revenue Allocation

    Ruto’s Correctional Services PS Esther Ngero resigns a week after reshuffle

    Ruto’s Correctional Services PS Esther Ngero resigns a week after reshuffle

    Ex-Mungiki leader Maina Njenga wanted – DCI

    Ex-Mungiki leader Maina Njenga wanted – DCI

    ‘They stole my goats, set my firm on fire to intimidate me,’ says Uhuru Kenyatta

    ‘They stole my goats, set my firm on fire to intimidate me,’ says Uhuru Kenyatta

    Njiraini, 7 others charged over illegal sale of Sh20m toxic sugar

    Njiraini, 7 others charged over illegal sale of Sh20m toxic sugar

  • Business
    Njiraini, 7 others charged over illegal sale of Sh20m toxic sugar

    Njiraini, 7 others charged over illegal sale of Sh20m toxic sugar

    Safaricom cuts M-Pesa paybill charges by more than 50pc

    M-Pesa services to be unavailable as Safaricom announces maintenance

    Ayra Starr unveiled as beauty brand ambassador of Maybelline

    Ayra Starr unveiled as beauty brand ambassador of Maybelline

    itel Kenya officially launches P40 with 6,000 mAh battery and 6.6” screen

    itel Kenya officially launches P40 with 6,000 mAh battery and 6.6” screen

    Sugar prices double to over Sh400 in less than a week

    Sugar prices double to over Sh400 in less than a week

    ABC Bank penalised for frustrating officer into resignation

    ABC Bank penalised for frustrating officer into resignation

    WhatsApp now lets you lock and hide individual chats

    WhatsApp now lets you lock and hide individual chats

    KCB Bank dethrones Equity Bank as Kenya’s largest lender by asset size

    KCB Bank dethrones Equity Bank as Kenya’s largest lender by asset size

    PSC begins investigations on how Kenya Railway’s Managing Director’s term was secretly extended

    PSC begins investigations on how Kenya Railway’s Managing Director’s term was secretly extended

  • Entertainment
    • All
    • Movie
    • Music
    Tina Turner, singer hailed as the ‘Queen of Rock and Roll,’ dies at 83

    Tina Turner, singer hailed as the ‘Queen of Rock and Roll,’ dies at 83

    Infinix NOTE 12 Series officially launched in Kenya

    Sauti Sol announce another break but their fans can’t take it

    Kenyans celebrate Freshly Mwamburi on the day of “Stella’s” return

    Kenyans celebrate Freshly Mwamburi on the day of “Stella’s” return

    NBA legend Dirk Nowitzki in Kenya to visit in-laws

    NBA legend Dirk Nowitzki in Kenya to visit in-laws

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    YouTubers ‘Over 25’ call it quits after almost seven years

    YouTubers ‘Over 25’ call it quits after almost seven years

    Cleopatra was light-skinned, says Egypt in Netflix documentary row

    Cleopatra was light-skinned, says Egypt in Netflix documentary row

    KFCB puts on notice Kenyan content creators ‘turning social media into digital brothel’

    KFCB puts on notice Kenyan content creators ‘turning social media into digital brothel’

    Partners Against Piracy lauds Copyright Board for cracking down pirated content

    Partners Against Piracy lauds Copyright Board for cracking down pirated content

  • Tech
    Chinese hackers attacked Kenyan government as debt strains grew – Reuters

    Chinese hackers attacked Kenyan government as debt strains grew – Reuters

    Safaricom cuts M-Pesa paybill charges by more than 50pc

    M-Pesa services to be unavailable as Safaricom announces maintenance

    TECNO launches the CAMON 20 Series in Kenya

    TECNO launches the CAMON 20 Series in Kenya

    itel Kenya officially launches P40 with 6,000 mAh battery and 6.6” screen

    itel Kenya officially launches P40 with 6,000 mAh battery and 6.6” screen

    WhatsApp now lets you lock and hide individual chats

    WhatsApp now lets you lock and hide individual chats

    Safaricom

    Safaricom gets licence to offer M-Pesa services in Ethiopia

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Sama moderators stage sit-in at outsourcer HQ in Nairobi

    Sama moderators stage sit-in at outsourcer HQ in Nairobi

    Xiaomi launches 4 phones in Redmi Note 12 series in Kenya

    Xiaomi launches 4 phones in Redmi Note 12 series in Kenya

  • Sports
    Former rugby player Alex Olaba sentenced to 6 years in jail

    Former rugby player Alex Olaba sentenced to 6 years in jail

    Kenya hit Canada, Tonga in World Rugby Sevens Series Play-off

    Heartbreak as Kenya Sevens relegated after a 20-year stint in World Sevens Series

    Kenya hit Canada, Tonga in World Rugby Sevens Series Play-off

    Kenya hit Canada, Tonga in World Rugby Sevens Series Play-off

    NBA legend Dirk Nowitzki in Kenya to visit in-laws

    NBA legend Dirk Nowitzki in Kenya to visit in-laws

    President Ruto unveils Kenyan bid for Afcon 2027

    President Ruto unveils Kenyan bid for Afcon 2027

    De Gea error gifts West Ham a 1-0 win over Man United in EPL

    De Gea error gifts West Ham a 1-0 win over Man United in EPL

    Lionel Messi suspended by PSG over Saudi trip

    Lionel Messi suspended by PSG over Saudi trip

    Safaricom Chapa Dimba grass root soccer tourney returns

    Safaricom Chapa Dimba grass root soccer tourney returns

    Oregon

    Omanyala’s victory at Botswana Grand Prix quashed

  • Events
    Infinix NOTE 12 Series officially launched in Kenya

    Sauti Sol announce another break but their fans can’t take it

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Here are the nominees for the 9th edition of the Africa Magic Viewer’s Choice Awards

    Here are the nominees for the 9th edition of the Africa Magic Viewer’s Choice Awards

    Infinix unveils highly anticipated HOT 30 smartphone in Kenya

    Infinix unveils highly anticipated HOT 30 smartphone in Kenya

    200 shooters to descend to Kirigiti this Easter holiday 

    200 shooters to descend to Kirigiti this Easter holiday 

    MultiChoice hosts 2023 inaugural content showcase extravaganza

    MultiChoice hosts 2023 inaugural content showcase extravaganza

    Les Wanyika launch the road to Arusha for FESTAC Festival in May

    Les Wanyika launch the road to Arusha for FESTAC Festival in May

    195 students graduate at Aga Khan University as it turns 40

    195 students graduate at Aga Khan University as it turns 40

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

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  • Home
  • News
    Drama as DCI releases ex-Mungiki leader Maina Njenga

    Drama as DCI releases ex-Mungiki leader Maina Njenga

    Chinese hackers attacked Kenyan government as debt strains grew – Reuters

    Chinese hackers attacked Kenyan government as debt strains grew – Reuters

    Former rugby player Alex Olaba sentenced to 6 years in jail

    Former rugby player Alex Olaba sentenced to 6 years in jail

    Green Card lottery results to be available online starting Saturday

    Kisii Bishop arrested for scamming US Visa aspirants out of millions

    Ruto nominates Wafula Chebukati’s wife to head Commission on Revenue Allocation

    Ruto nominates Wafula Chebukati’s wife to head Commission on Revenue Allocation

    Ruto’s Correctional Services PS Esther Ngero resigns a week after reshuffle

    Ruto’s Correctional Services PS Esther Ngero resigns a week after reshuffle

    Ex-Mungiki leader Maina Njenga wanted – DCI

    Ex-Mungiki leader Maina Njenga wanted – DCI

    ‘They stole my goats, set my firm on fire to intimidate me,’ says Uhuru Kenyatta

    ‘They stole my goats, set my firm on fire to intimidate me,’ says Uhuru Kenyatta

    Njiraini, 7 others charged over illegal sale of Sh20m toxic sugar

    Njiraini, 7 others charged over illegal sale of Sh20m toxic sugar

  • Business
    Njiraini, 7 others charged over illegal sale of Sh20m toxic sugar

    Njiraini, 7 others charged over illegal sale of Sh20m toxic sugar

    Safaricom cuts M-Pesa paybill charges by more than 50pc

    M-Pesa services to be unavailable as Safaricom announces maintenance

    Ayra Starr unveiled as beauty brand ambassador of Maybelline

    Ayra Starr unveiled as beauty brand ambassador of Maybelline

    itel Kenya officially launches P40 with 6,000 mAh battery and 6.6” screen

    itel Kenya officially launches P40 with 6,000 mAh battery and 6.6” screen

    Sugar prices double to over Sh400 in less than a week

    Sugar prices double to over Sh400 in less than a week

    ABC Bank penalised for frustrating officer into resignation

    ABC Bank penalised for frustrating officer into resignation

    WhatsApp now lets you lock and hide individual chats

    WhatsApp now lets you lock and hide individual chats

    KCB Bank dethrones Equity Bank as Kenya’s largest lender by asset size

    KCB Bank dethrones Equity Bank as Kenya’s largest lender by asset size

    PSC begins investigations on how Kenya Railway’s Managing Director’s term was secretly extended

    PSC begins investigations on how Kenya Railway’s Managing Director’s term was secretly extended

  • Entertainment
    • All
    • Movie
    • Music
    Tina Turner, singer hailed as the ‘Queen of Rock and Roll,’ dies at 83

    Tina Turner, singer hailed as the ‘Queen of Rock and Roll,’ dies at 83

    Infinix NOTE 12 Series officially launched in Kenya

    Sauti Sol announce another break but their fans can’t take it

    Kenyans celebrate Freshly Mwamburi on the day of “Stella’s” return

    Kenyans celebrate Freshly Mwamburi on the day of “Stella’s” return

    NBA legend Dirk Nowitzki in Kenya to visit in-laws

    NBA legend Dirk Nowitzki in Kenya to visit in-laws

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    YouTubers ‘Over 25’ call it quits after almost seven years

    YouTubers ‘Over 25’ call it quits after almost seven years

    Cleopatra was light-skinned, says Egypt in Netflix documentary row

    Cleopatra was light-skinned, says Egypt in Netflix documentary row

    KFCB puts on notice Kenyan content creators ‘turning social media into digital brothel’

    KFCB puts on notice Kenyan content creators ‘turning social media into digital brothel’

    Partners Against Piracy lauds Copyright Board for cracking down pirated content

    Partners Against Piracy lauds Copyright Board for cracking down pirated content

  • Tech
    Chinese hackers attacked Kenyan government as debt strains grew – Reuters

    Chinese hackers attacked Kenyan government as debt strains grew – Reuters

    Safaricom cuts M-Pesa paybill charges by more than 50pc

    M-Pesa services to be unavailable as Safaricom announces maintenance

    TECNO launches the CAMON 20 Series in Kenya

    TECNO launches the CAMON 20 Series in Kenya

    itel Kenya officially launches P40 with 6,000 mAh battery and 6.6” screen

    itel Kenya officially launches P40 with 6,000 mAh battery and 6.6” screen

    WhatsApp now lets you lock and hide individual chats

    WhatsApp now lets you lock and hide individual chats

    Safaricom

    Safaricom gets licence to offer M-Pesa services in Ethiopia

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Sama moderators stage sit-in at outsourcer HQ in Nairobi

    Sama moderators stage sit-in at outsourcer HQ in Nairobi

    Xiaomi launches 4 phones in Redmi Note 12 series in Kenya

    Xiaomi launches 4 phones in Redmi Note 12 series in Kenya

  • Sports
    Former rugby player Alex Olaba sentenced to 6 years in jail

    Former rugby player Alex Olaba sentenced to 6 years in jail

    Kenya hit Canada, Tonga in World Rugby Sevens Series Play-off

    Heartbreak as Kenya Sevens relegated after a 20-year stint in World Sevens Series

    Kenya hit Canada, Tonga in World Rugby Sevens Series Play-off

    Kenya hit Canada, Tonga in World Rugby Sevens Series Play-off

    NBA legend Dirk Nowitzki in Kenya to visit in-laws

    NBA legend Dirk Nowitzki in Kenya to visit in-laws

    President Ruto unveils Kenyan bid for Afcon 2027

    President Ruto unveils Kenyan bid for Afcon 2027

    De Gea error gifts West Ham a 1-0 win over Man United in EPL

    De Gea error gifts West Ham a 1-0 win over Man United in EPL

    Lionel Messi suspended by PSG over Saudi trip

    Lionel Messi suspended by PSG over Saudi trip

    Safaricom Chapa Dimba grass root soccer tourney returns

    Safaricom Chapa Dimba grass root soccer tourney returns

    Oregon

    Omanyala’s victory at Botswana Grand Prix quashed

  • Events
    Infinix NOTE 12 Series officially launched in Kenya

    Sauti Sol announce another break but their fans can’t take it

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Tecno unveils Nyashinski as Camon 20 Series brand ambassador

    Here are the nominees for the 9th edition of the Africa Magic Viewer’s Choice Awards

    Here are the nominees for the 9th edition of the Africa Magic Viewer’s Choice Awards

    Infinix unveils highly anticipated HOT 30 smartphone in Kenya

    Infinix unveils highly anticipated HOT 30 smartphone in Kenya

    200 shooters to descend to Kirigiti this Easter holiday 

    200 shooters to descend to Kirigiti this Easter holiday 

    MultiChoice hosts 2023 inaugural content showcase extravaganza

    MultiChoice hosts 2023 inaugural content showcase extravaganza

    Les Wanyika launch the road to Arusha for FESTAC Festival in May

    Les Wanyika launch the road to Arusha for FESTAC Festival in May

    195 students graduate at Aga Khan University as it turns 40

    195 students graduate at Aga Khan University as it turns 40

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

    Arya Starr arrives in Kenya ahead of Shoke Shoke festival

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Family Bank acquire Sh1.5 billion to fuel SMEs’ growth

Naihaps by Naihaps
April 20, 2022
in Business, Featured
Reading Time: 2 mins read
Family Bank acquire Sh1.5 billion to fuel SMEs’ growth

Family Bank CEO Rebecca Mbithi and African Guarantee Fund Group CEO

Family Bank has acquired a Sh1.5 billion loan portfolio guarantee facility from the African Guarantee Fund for Small and Medium-sized Enterprises (AGF) to increase its loan book to micro, small and medium-sized enterprises, women-led businesses and climate-friendly investments.

In addition to the extension of the credit guarantee facility, the African Guarantee Fund will provide a capacity-development assistance to Family Bank that will be utilized for technical expertise to the MSMEs and expose entrepreneurs to global knowledge on business development and climate-smart ventures through the five-year agreement.

“Through this credit facility, Family Bank can scale up lending to MSMEs who form over 80 percent of our customers base. With the gradual recovery of the economy as we contain the effects of the pandemic, we are able to widen our capital base to support more MSMEs by extending credit at favourable terms,” said Family Bank Chief Executive Officer Rebecca Mbithi.

This guarantee agreement will cover funded facilities such as overdrafts, term loans and non-funded facilities such as letters of credit, bank guarantees, among other credit facilities.

“SMEs are very crucial to the achievement of meaningful sustainable development. Their greatest barrier, however, is access to finance. Our loan portfolio guarantee agreement with Family Bank is structured to reduce the perceived risk of SMEs and to solve their holistic needs through Capacity Development assistance. Additionally, this renewed partnership will also focus on empowering women-owned and climate-focused SMEs,” said AGF Group Chief Executive Officer, Jules Ngankam.

Previously, Family Bank has had two loan portfolio agreements with AGF worth Sh250 million in 2015 and Sh774 million in 2018.

Tags: Family BankSMEs'
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