Branch MFB, Kenya’s 1st Neo-bank and SOLV Kenya, a full-stack B2B marketplace for micro, small and medium enterprises (MSME), on February 6, 2024, entered into a strategic partnership to extend loans, business development support and market linkages to Kenyan MSMEs.
The partnership aims to unlock new growth potential for MSMEs by bridging the credit gap, providing financial guidance and accelerating business linkages for entrepreneurs across the country.
Under the arrangement, Branch MFB will provide loans and working capital of up to Ksh1 million for MSMEs on Solv Kenya’s platform, facilitating their cash flow and stock financing from suppliers and distributors.
“Access to credit facilities and business support is key to unlocking the full potential of our MSMEs. The partnership is a significant step forward in achieving this goal. By combining our expertise, we will provide Kenyan entrepreneurs with the comprehensive support they need to scale their businesses and contribute to a more vibrant Kenyan economy," Branch East Africa Managing Director Rose Muturi stated.