National Bank of Kenya (NBK) Credit Guarantee Scheme
Overview
PES is on boarded as a business advisory service provider by the National Bank of Kenya a wholly owned subsidiary of KCB bank, the largest bank by assets in Kenya, for its WASH financing programme. This role involves providing business advisory support to NBK’s institutional clients, including public utilities, Water Service Providers (WSPs) and SMEs.
The scope includes review of business plans, financial analysis, and preparation of bankable funding proposals for WSPs. This also includes the training of staff on WASH financing.
Project Details
Sector: Financial services, WASH
Location: Kenya
Outcome
PES assisted NBK secure a USD 10M guarantee scheme. PES conducted financial analysis of its overall SME loan portfolio, reviewed and facilitated the negotiations of the term sheet and contract. Additionally, PES reviewed the structure of the proposed MajiKonnect loan product and made recommendations. NBK successfully partnered with African Guarantee Fund (AGF) to offer a partial guarantee of between 50 to 75% in respect of loans to various private and public sector SMEs in the Water, Sanitation and Hygiene (WASH) sector, women-led businesses and Green Financing in Kenya.