The Kenya Private Sector Alliance (KEPSA) and the Mastercard Foundation have launched a fund to provide loans to a maximum of 400 Micro, Small, and Medium Enterprises (MSMEs) whose businesses have been affected by the COVID-19 pandemic. KEPSA will carry out the screening of the Micro, Small, and Medium Enterprises to ensure they meet the criteria for eligibility to access the loans. She explained the fund and the accompanying program is intended to strengthen the MSMEs’ capacity, and KEPSA would provide technical support, such as helping the businesses adopt digital solutions. In addition to screening the MSMEs, KEPSA will roll out a virtual SME Hub and create a business recovery hub to support the SMEs by offering business development services. The initiative also aims to prioritize the health and safety of employees, communities, and healthcare workers; and ensure business and supply chain continuity.

Source: Standard Digital August 13, 2020 10:07 UTC