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Soutenir les projets à fort impacts de KCB Bank Kenya
Project
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Signature date
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Location
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Kenya
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Financing tool
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Financing details
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USD 95m loan
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Customer
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KENYA COMMERCIAL BANK
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Type of customer
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Financial institution
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Country of headquarters
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Kenya
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Project number
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PKE1168
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Environmental and social ranking
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IF-A
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Climate co-benefits
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Project with climate co-benefits
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco accorde un prêt à la plus grande banque du Kenya, KCB Bank Kenya, destiné au financement des entreprises dirigées par des femmes et des projets "verts".
Client presentation
KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank is the leader on the local market by market share and is fully owned by KCB Group. Established in 1896, KCB Group is the first banking group in East Africa.
Project description
The objective of the senior debt facility of USD 95m is to support KCB Bank Kenya in its strategy to increase lending towards climate, women, MSME and social sectors (healthcare and education).
Project impact
This facility allows KCB Kenya to promote: Green financing projects to support climate action (SDG 13)- access to finance for SMEs and women-owned enterprises (SDG 5)- stimulate job creation and economic growth (SDG 8). 5 078 micro-enterprises and 4 670 SMEs will be financed over the 5 year tenor of the credit line (among which 50% will be led or managed by women). Over 99 700 jobs will be sustained.