President Uhuru Kenyatta today (Wednesday November 6, 2019) launched a new credit facility for Micro, Small and Medium (MSME’s) enterprises dubbed Stawi.
Stawi is a mobile loan product that will allow MSME’s to access unsecured credit of between Shs 30,000 and Shs 250,000 at an interest rate of 9 percent per annum.
The Central Bank of Kenya has partnered with NCBA Bank, Cooperative Bank, Diamond Trust Bank and KCB to offer the scheme which is aimed at improving access to credit for MSME’S.
