WBC - Victoria Commercial Bank Ltd (Kenya) (BNDES-VICTORIACOMMERCIALB)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • Brazil National Development Bank (BNDES)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Victoria Commercial Bank Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 9.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ BNDES website

Updated in EWS Aug 13, 2019

Disclosed by Bank Apr 27, 2018


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Project Description

According to the Agency's document, this project finances the expansion of Victoria Commerical Bank's lending to small and medium enterprises in Kenya with at least 25% of the loans made to women-owned or women-managed businesses. 

Investment Description
  • Brazil National Development Bank (BNDES)
Private Actors