Over half a million small businesses are set to benefit from a funding of up to Sh10 million in the next five years to build resilience. This is after Mastercard Foundation partnered with the Kenya National Chamber of Commerce and Industry (KNCCCI) and the Grassroots Business Fund (GBF).

The arrangement involves access to financial and non-financial products for micro small and medium enterprises (MSMEs) in Kenya and will see businesses receive between Sh10,000 and Sh10 million for resilience for consecutive five years.The fund will be managed by the Grassroots Business Fund team. The programme will help sustain start up businesses and strengthen their financial standing so that they are able to qualify for higher credit.This will be done through  addressing the funding gap existing in the value chain by pairing up financial support with well-tailored technical assistance, and a hands-on coordination strategy for businesses. 

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https://www.standardmedia.co.ke/business/article/2001467324/grassroots-business-fund-targets-over-half-a-million-small-businesses