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KCB, Kiambu ink Sh1.3bn youth firms financing deal


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. ....

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