Family Bank has secured a $20 million (Sh2.6 billion) facility from British International Investment (BII) to boost lending to micro, small and medium-sized enterprises (MSMEs) in Kenya, with a focus on trade-related sectors. This partnership aims to address foreign currency liquidity constraints faced by SMEs and support their growth.

• At least 75% of the funds will be directed towards financing trade for MSMEs, with a minimum of 50% allocated to women-led businesses and agribusiness-related enterprises.
• Nancy Njau, CEO of Family Bank, highlighted that SMEs constitute over 80% of the bank’s customer base and this initiative is part of their five-year strategy to scale SME lending.
• The facility is a 2X-qualified investment, supporting global initiatives for women’s empowerment, and aligns with Kenya’s goal of building a vibrant MSME sector, as noted by Seema Dhanani, BII East Africa Regional Director.