Barclays Bank launches Ksh.500M loan facility for SMEs

Lenders are now calling on corporate organisations to cultivate better relationship with financial institutions to boost growth of Small and Medium sized Enterprises (SME).

Karen Kiambi, Head of Supply and Chain Development at Barclays Kenya, says that this kind of relationship between lenders and heads of key departments in companies can easen the process of qualifying SMEs for funding whenever they are contracted for business.

Ms. Kiambi spoke to Citizen TV on the sidelines of a supply chain financing forum in Nairobi on Tuesday.

During the session Barclays Bank Kenya announced that it had set aside Ksh.500 million to loan to SMEs over the next one year under the enterprise supply development programme that seeks to simplify and expand to funding among small businesses.