PROJECT

Projects

Summary of Investment Information

Project Number

44972

Company Name

GUARANTY TRUST BANK (KENYA) LIMITED

Date SPI Disclosed

Sep 29, 2021

Country

Kenya

Region

Africa

Projected Board Date

Oct 28, 2021

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Feb 25, 2023

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Oct 1, 2021
Signed : Dec 7, 2021
Invested : Dec 30, 2021

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The proposed project consists of an up to US$15 million Working Capital Solution (WCS) line under the COVID-19 Crisis Response Facility to Guaranty Trust Bank (Kenya) Ltd (GTBK). This project will avail working capital and trade-related loans to borrowers, predominantly SMEs, stabilizing supply chains and re-enforcing resilience in critical sectors such as Trade, FMCGs, Pharmaceuticals and Manufacturing, that have been impacted by the pandemic.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation