NAIROBI, Kenya, Dec 6 — Guaranty Trust Bank Kenya has unveiled GT Mazao, a new loan product designed to support Micro, Small, and Medium Enterprises (MSMEs) in scaling their operations.
Jubril Adeniji, GT Bank Kenya and East Africa Managing Director, highlighted the facility’s role in bridging the credit gap for MSMEs, which contribute over 40% to Kenya’s GDP.
“GT Mazao will empower businesses to acquire raw materials and produce in-demand goods for local and export markets,” Adeniji stated.
The initiative aligns with the bank’s sustainability goals, focusing on environmentally and socially responsible businesses.
Kenya Bankers Association praised the product, emphasizing its potential to boost savings and enhance the bank-client relationship.
GT Bank’s loan portfolio has grown to Sh10.3 billion, reflecting its commitment to supporting Kenya’s business landscape.
