The Nairobi-headquartered Sidian Bank has signed a partnership agreement with the African Guarantee Fund (AGF), under which the Nairobi-based bank will receive a Loan Portfolio Guarantee line of 500 million Kenya shillings (US$4.6 million) from AGF for four years starting 2021 for onward lending to SMEs across Kenya. Sidian has been one of the frontline banks supporting the growth of SMEs in Kenya through several different financial instruments. This partnership agreement with AGF will allow Sidian Bank to scale up its lending activities to SMEs under the Loan Portfolio Guarantee.
