Sidian Bank CEO, Chege Thumbi: “Our partnership with Triodos Investment Management comes at an ideal time when the bank has sustained profitability despite a tough economic environment caused by the Covid-19 pandemic. With this financing, the bank will be in a position to increase financial backing to SMEs. As Sidian Bank, we are passionate about supporting the growth of micro and SME customers in line with our goal to be the preferred bank for provision of financial solutions to entrepreneurs.”
Tim Crijns, Fund Manager at Triodos Investment Management: “We are delighted to partner with Sidian Bank especially in these challenging times where the micro and SME sector in Kenya and wider Africa needs financial services to grow its businesses. This partnership with Sidian Bank will offer investment opportunities that are crucial to building local economies and will enable innovative entrepreneurs to develop sustainable businesses.”
Financial and development institutions have shown great initiative in supporting the growth of SMEs and entrepreneurs contributing to economic growth and development of Kenya. Chege Thumbi of Sidian Bank believes this will go a long way to increase access to finance that can spur growth of SMEs and contribute to sustainable development and jobs in Kenya by enabling business to scale and flourish.
Read the full press release.
Learn more about our investment activities in financial inclusion.