[Source: Kenyan Wall Street, by Jackson Okoth]
The Kenya Private Sector Alliance (KEPSA) in partnership with US-based Mastercard Foundation, has launched an interest-free fund to cushion micro, small and medium-sized enterprises from disruptive effects of the coronavirus pandemic.
The loan, repayable within 180 days, has been created through support from the Mastercard Foundation COVID-19 Recovery and Resilience Program.
It targets over 400 financially distressed businesses that have challenges in accessing credit from banks and microfinance companies, based on screenings by KEPSA.
The KEPSA driven fund gives…
