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Credit line providing long-term funds in Shillings and foreign currencies to selected intermediary banks to finance small and medium sized private investment projects.
The purpose is to support investment projects for the expansion, diversification, modernisation or start-up of enterprises, through financing loans and leasing transactions with a maturity matching the economic lifetime of assets. The credit line addresses the lack of long-term resources in the Kenyan financial markets.
The intermediaries will assess environmental risks and mitigating measures as part of their regular project appraisal and will ensure compliance of projects to be financed with Kenyan environmental standards controlled by the competent authority (NEMA).
Assets to be financed will be procured on a competitive basis taking into account relevant market practice as well as the nature and size of the goods considered.
Agro-industry, fishing, mining and quarrying, food processing, manufacturing, tourism or services related to these sectors, or healthcare and education