Branch MFB and Solv Kenya forge a strategic alliance to empower MSMEs in Kenya. Through this partnership, Branch MFB will provide loans and working capital of up to Kshs. 1 million to MSMEs on Solv Kenya’s platform, addressing the credit gap and facilitating cash flow for businesses.
This collaboration emphasizes the importance of digital financial services in promoting sustainable businesses and bolstering Kenya’s economic growth by empowering MSMEs with market linkages and support.
Solv Kenya’s diverse platform covers various supply chains, enabling MSMEs to access stock financing from Branch MFB through digital channels. The partnership aims to mitigate lending risks for MSMEs while providing financing solutions for the predominantly informal sector, contributing significantly to economic development.
Matt Flannery, CEO of Branch International, reaffirms their commitment to supporting MSMEs, emphasizing their role in creating employment opportunities and driving socio-economic transformation in Kenya.
Source: CIO Africa
