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- Operations
- Third Line of Credit to the Kenya Commercial Bank Group
Third Line of Credit to the Kenya Commercial Bank Group
Kenya
Borrower | Kenya |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Financial |
Approved | 10.12.1996 |
Signed | 21.04.1997 |
Status | Completed |
Loan Administrator | OPEC Fund |
Executing Agency | Kenya Commercia Bank Group |
Co-financiers | KCB Group, Promoters |
OPEC Fund Contribution (US$m) | 5.20 |
Total Project Cost (US$m) | 8.15 |
This project helped two lending institutions provide credit, at a very low interest rate, to the country’s small-scale enterprises, which play a vital role in the economy by providing a source of income for around two million people, a substantial number of which comprise women.