Beyond Banks: How alternative finance is reshaping business growth in Kenya
Alternative finance is helping more Kenyan entrepreneurs and small businesses access the capital they need to grow...
✨ Key Highlights
Kenyan entrepreneurs and businesses are increasingly turning to alternative finance options beyond traditional banks to secure capital for growth, addressing a significant financing gap.
- The estimated MSME financing gap in Kenya is Sh2.5 trillion.
- Key alternative financiers include Savings and Credit Cooperative Societies (SACCOs), fintech lenders, venture capital firms, and development finance institutions (DFIs).
- These alternatives prioritize factors like savings history, cash flow, and community guarantees over traditional collateral, making financing more accessible.
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Standard Chartered Mobilizes Sh97bn for Sustainable Finance in Kenya - July 2026
Standard Chartered Bank Kenya has significantly mobilized over Sh97 billion in sustainable finance since 2021, channeling these funds into crucial sectors like renewable energy and affordable housing. The Agricultural Finance Corporation is introducing collateral-free lending to enhance financial inclusion for Kenyan farmers, aiming to boost the agricultural sector. Kenyan businesses face a significant hurdle in accessing affordable finance, with a substantial financing gap hindering their growth and the country's economic development. Separately, Kenyan entrepreneurs and businesses are increasingly turning to alternative finance options beyond traditional banks to secure capital for growth, addressing this significant financing gap.
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