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Barclays Bank of Kenya boosts its Enterprise Supply Development ESD fund, with sh500m

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http://bdafrica.com
Barclays Bank of Kenya has up-scaled its Enterprise Supply Development (ESD) fund, which targets small and medium-sized enterprises (SMEs) to Sh500 million to grow the enterprises.
Susan Situma, Barclays Bank of Kenya ‘s head of SMEs said that the programme finances SMEs that supply goods and services to corporate firms on the basis of a valid contract with the said companies. Initially, the lender had set aside Sh150 million for the pilot programme and has so far disbursed Sh131 million.

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