KCB, Kiambu ink Sh1.3bn youth firms financing deal
Tuesday December 15 2020
By SIMON CIURI
Summary
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.
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.