Family Bank unlocks ksh.2.6B for small business trade. Family Bank has secured a USD 20 million (Ksh.2.6 billion) trade finance facility from British International Investment (BII). The UK-based development finance institution and impact investor aims to help expand credit access for micro, small, and medium-sized enterprises (MSMEs) across Kenya.
This strategic partnership marks a significant step toward strengthening trade financing for businesses in key sectors across Kenya. By improving access to credit, the collaboration aims to stimulate growth among micro, small, and medium-sized enterprises (MSMEs).
Importantly, a major portion of the funding will target women-led businesses and enterprises in agribusiness. These include firms engaged in agricultural production, processing, logistics, infrastructure, and activities across the broader value chain.
In fact, at least 50% of the total financing will go directly to women-led and agriculture-related enterprises. This commitment qualifies the facility under the global 2X Challenge, a worldwide initiative that empowers women economically in developing regions.
According to Family Bank CEO Nancy Njau, the funding arrives at a crucial moment. “SMEs in Kenya face ongoing challenges in accessing foreign currency and affordable finance,” she noted. “Since SMEs account for over 80% of our customer base, we must keep innovating. This funding will help us offer affordable, efficient, and tailored solutions.”
Bank strategy
Furthermore, Njau emphasized how the deal aligns with the bank’s broader strategy. “This partnership supports our five-year plan to expand SME lending and deepen market segmentation,” she explained. “We are closing financing gaps, especially for women entrepreneurs and businesses in trade and agriculture.”
Echoing these sentiments, Seema Dhanani, East Africa Regional Director at BII, underscored the long-term value of the initiative. She stated that the partnership aligns with Kenya’s national goal of building a vibrant MSME sector that drives both economic and social transformation.
In summary, the facility positions Family Bank as a key player in empowering MSMEs and advancing inclusive finance across Kenya.
The deal positions Family Bank as a key player in empowering Kenya’s MSME sector through inclusive and targeted financing.
