The Africa Guarantee Fund (AGF) has agreed to provide partial guarantee to Jamii Bora Bank Limited to support delivery of Banking Facilities to Small and Medium Enterprises (SME) clients under the Biashara Boost Product. The guarantee will enable the bank to scale up its lending to bankable SMEs who may fail to meet its internal collateral thresholds and would like to obtain Biashara Boost services and solutions.

The agreement will improve Financing to more Small and Medium Enterprises and greatly enhance the bank’s penetration into the SME segment.

AGF is a financial scheme aimed at financially supporting African SMEs through partial credit guarantees based on product portfolio and capacity development.