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- Second Line of Credit to KCB
Second Line of Credit to KCB
Kenya
| Borrower | Kenya |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Financial |
| Approved | 30.11.1984 |
| Signed | 21.12.1984 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | KCB |
| Co-financiers | KCB & beneficiaries |
| OPEC Fund Contribution (US$m) | 3.00 |
| Total Project Cost (US$m) | 6.00 |
The purpose of the project is to assist the growth and expansion of Kenyan small scale enterprises engaged in economic sectors deemed of high priority by the Kenyan Government. The line of credit would be used by the KCB group to partially finance expenditures of an investment nature incurred for the expansion of an exisisting venture or for the development of a new venture in priority sectors.