The advances will be derived from a Sh600 million fund established by the Mastercard Foundation. Beneficiaries of the programme will be KNCCI members and the chamber’s association affiliates. “Supporting the micro and small enterprises sector is a key priority for KNCCI. This programme shall deliver much-needed relief for the sector,” said project director Nemaisa Kiereini during the launch of the plan. KNCCI will pre-screen applications together with the Grassroots Business Fund (GBF), who will be managing the MSME finance facility on behalf of the Mastercard Foundation.

Source: Daily Nation August 13, 2020 05:15 UTC