Christine Kagendo 
Family Bank CEO Nancy Njau & BlueOrchard Finance Ltd CEO Michael Wehrle during a partnership signing where the Bank secured USD 10 million credit facility to boost SME lending.
- Family Bank Secures USD 10Million Credit Facility from BlueOrchard Fund to Boost MSME Lending;
Family Bank has secured a USD 10 million facility from the BlueOrchard Microfinance Fund, to increase its loan book to Micro, Small and Medium-sized Enterprises across all sectors.
This strategic partnership will enable Family Bank to provide MSMEs with more accessible and sustainable financing, supporting business growth, innovation, and job creation in Kenya.
“As a Bank, the core of our approach is a strengthened commitment to supporting our customers especially across retail and SME sectors who form over 80 per cent of our customer base.
Through this credit facility, we will be able to widen our capital base to support more MSMEs by extending credit at favourable terms,” said Family Bank Chief Executive Officer Nancy Njau.
SMEs form the backbone of Kenya’s economy contributing to 40% to the country GDP and employing roughly 80% of the workforce. However, many still face significant challenges such as lack of adequate finance and limited access to credit.
“Our partnership exemplifies the profound impact we can achieve when we work together towards a common goal. Supporting MSMEs lies at the heart of BlueOrchard’s mission.
We recognize that these enterprises are vital engines of economic growth, job creation, and innovation.We are delighted to partner again with Family Bank to deliver impact that truly matters for communities and future generations,” said BlueOrchard Finance Ltd CEO Michael Wehrle.
In 2021, Family Bank received USD 17 million from funds managed by BlueOrchard to extend credit to SMEs and support the education sector, funding that was fully utilized and successfully repaid.
