Chase Bank

The Kenya Chase Bank Limited line of credit will support the growth of Chase Bank’s multi-sector SME loan portfolio in Kenya. Chase Bank’s focus on SMEs is expected to produce significant development outcomes for the proposed line of credit, given the importance of SMEs to Kenya’s economic growth. This includes the creation of an estimated 500 jobs for sub-projects funded as a result of the loan, as well as additional government revenues from taxes paid by SMEs. The line of credit will also support efforts by the Bank to improve Kenya’s SMEs access to financing and complement support extended to Kenya’s SMEs by both the AfDB and other development partners.