🌟 [ 42 ]   first ever Shariah compliant credit guarantee scheme in sub-Saharan Africa launched [ @Citizen TV Kenya ]




The first Shari’ah compliant credit risk guarantee in sub-Saharan Africa was unveiled today. African Guarantee Fund partnered with Shari’ah compliant financier Gulf African Bank to make the scheme a reality to enable the bank’s SMEs access financing to support their growth. Through the partnership, the Credit Risk Guarantee Collateral Cover will enable access to financing facilities by SMEs that qualify on all fronts but lack suitable or adequate collateral. The partnership will enable Gulf African Bank scale up its financing to women owned enterprises and sustainable or green businesses.

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