NAIROBI, Kenya, June 12 – Credit Bank has earmarked Sh1 billion in 2026 to support micro, small and medium-sized enterprises (MSMEs) through financing and transaction banking solutions aimed at boosting business growth and job creation.
The lender said the funding will be channeled towards businesses across different sectors, providing access to trade finance, working capital, asset financing and payment solutions as SMEs continue to play a significant role in Kenya’s economy.
According to the bank, many small businesses still face challenges accessing affordable financing needed to expand operations, manage cash flow and respond to changing market conditions.
The financing initiative has already supported businesses in sectors such as healthcare and retail. One beneficiary is Xana Kenya, a healthcare company that combines pharmacies, supermarkets and wholesale shopping outlets. The company has expanded its presence to several counties and opened new facilities with support from the bank.
Credit Bank has also backed the establishment of a flagship Syokimau branch along Mombasa Road and recently opened a new branch in Ruiru, Kiambu County, as part of its expansion strategy.
The bank plans to grow its branch network further, targeting 12 outlets by the end of 2026, 52 branches by 2027 and eventually 400 service locations nationwide. The expansion is expected to increase access to banking services and support employment creation.
Kenya’s MSME sector remains a major contributor to economic activity, accounting for a significant share of employment and business enterprises. Financial institutions have increasingly shifted focus towards supporting small businesses as a way of driving economic growth and financial inclusion.
Credit Bank said it will continue investing in products and services tailored to small businesses as demand for business financing and digital banking solutions grows across the country.
