NCBA and AGF Renew KES 3 Billion SME Financing Deal
NCBA and AGF Renew KES 3 Billion SME Financing Deal
Focus On Women-Led Businesses And Green Initiatives
NCBA https://ke.ncbagroup.com/ has renewed its partnership with the African Guarantee Fund (AGF), securing a KES 3 billion guarantee facility for the next 10 years. This agreement strengthens the bank’s ability to offer flexible financing to SMEs, with a priority on women-led businesses and sustainable sectors.
With AGF’s risk-sharing mechanism, NCBA has disbursed KES 16.4 billion in SME loans. So far, 696 SMEs have benefited, with AGF supporting over 3,500 transactions worth KES 8.0 billion. Currently, the outstanding portfolio stands at KES 1.7 billion. This collaboration has generated 7,200 jobs, including 2,200 for women and 4,100 for youth.
NCBA and AGF Renew KES 3 Billion SME Financing Deal
Strengthening SME Growth and Sustainability
NCBA’s Group Managing Director, John Gachora, and AGF’s Group CEO, Jules Ngankam, signed the agreement, reaffirming their shared commitment to economic growth, sustainability, and financial inclusion.
“This partnership demonstrates our dedication to SMEs, particularly those championing sustainable practices and led by women. By increasing our guarantee limit, we can offer more flexible, long-term financial solutions that drive SME growth and economic progress,” said Gachora.
NCBA recently reinforced its support for women entrepreneurs at an International Women’s Day event in Kapsabet. The bank provides tailored financial solutions, business education programs, and strategic partnerships to help women-led businesses scale and succeed.
AGF will also provide a Capacity Development grant to NCBA. This initiative will enhance the bank’s ability to lend to more SMEs, especially women-owned businesses, by creating a pipeline of credit-ready enterprises.
“Our partnership with NCBA is a significant milestone in SME financing. SMEs make up 98% of businesses in Kenya and create 30% of new jobs annually. By expanding this facility, we will reach more businesses shaping Kenya’s future,” said Ngankam.
Driving Financial Inclusion and Green Financing
The renewed partnership aligns with AGF’s mission to empower women through the Affirmative Finance Action for Women in Africa (AFAWA) program. It also supports green initiatives via AGF’s Green Guarantee Facility, promoting sustainable economic growth.
NCBA and AGF Renew KES 3 Billion SME Financing Deal
NCBA is committed to mentorship, skill-building, and financial inclusion. The bank directs at least 30% of its procurement to women and youth. Through a KES 6.5 billion partnership with Proparco, NCBA supports green financing and women’s economic empowerment, reinforcing its “Change the Story” agenda.
Beyond financing, NCBA invests KES 150 million annually in community development, education, and sports. Its environmental efforts, such as tree planting and plastic reduction, further contribute to sustainable development.
NCBA invites SMEs seeking flexible financial solutions to explore its credit facilities, forex services, cash management systems, and online banking solutions.
