DTBK Tier II

active

The total project cost and proposed IFC investment is $50 million. IFC will provide a financial package consisting of: - A Subordinated loan of $40 million that qualifies for Tier II capital and to be made available in two tranches; and - A Risk Sharing Facility of US$ 10 million equivalent.( Project ID 33488).The above facilities will be utilized to: (i) strengthen Diamond Trust Bank Kenya Limited’s (DTBK) capital base; (ii) help DTBK to expand its lending activities to the SMEs; and (ii) assist DTBK with funding to on lend to the lower end of the SME segment, thereby promoting financial inclusion to the Very Small Enterprises (VSEs), including but not limited to VSEs owned by women entrepreneurs (Project). These two lower-ends of the SME segment are currently underserved in terms of access to finance.