The Kenya Development Corporation Limited (KDC) seeks to partner with regulated financial institutions to support viable Micro, Small, and Medium Enterprises (MSMES) through the Supporting Access to Finance and Enterprise Recovery Project (SAFER fund).
In an advert on June 3, KDC said the objective of the SAFER project is to unlock lending to MSMES post the COVID-19 crisis and beyond to support the recovery and growth of enterprises.
The Corporation invited loan applications from interested Licensed Micro Finance Institutions (MFIs), Licensed Commercial Banks, Licensed Deposit Taking Saccos, and Licensed Non-withdrawable Deposit Taking Saccos to apply for the SAFER fund.
The interested partners must comply with KDC’s terms and conditions.
How to Apply
Interested partners should follow these steps to apply through the KDC portal.
1.Login into the Kenya Development Corporation Website: https://kdc.go.ke/
2.Click SAFER Portal.
3.Download the mandatory requirements form provided for reference and compliance.
4.Accept the terms and conditions to comply with the Non-Disclosure Agreement requirement.
5.Create an account.
6.Fill in the required details, attach the required documents as per the provided application tabs and submit.
7.All attachments must be in PDF format.
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Kenya Development Corporation Limited Requirements
KDC stated that all interested applicants must disclose the proposed on-lending margin.
Additionally, applicants must have a digital lending platform through which the funds will be applied and disbursed.
They must also have an existing MSME portfolio and show the ability to serve MSMEs who are the target beneficiaries.
“All loan applications will be done online as per the requirements in the SAFER Portal. Hard copies will NOT be accepted,” KDC said.
The online loan application will be open for 14 working Days, commencing from Wednesday, June 4, 2025.
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How Govt Issued Safer Fund in 2024
In 2024, KDC injected Ksh7.1 billion under the SAFER initiative to promote MSMEs across the country.
KDC proposed extending loans ranging from Ksh10 million to Ksh500 million to each participating financial institution for onward lending.
Individual microenterprises were to gain access to loans ranging from Ksh7,000 to Ksh150,000.
However, small enterprises were to secure loans ranging from Ksh150,001 to Ksh250,000.
These financial provisions helped MSMEs address immediate challenges and seize growth opportunities.
The funds will be channeled from the National Treasury to an apex financial institution (KDC), which will on-lend to several Participating Financial Institutions (PFIs).
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