Micro-enterprises need working capital to maintain inventory levels and grow, but it can be difficult or expensive to access financing in local currency.
Our Solution & Impact
4G Capital is using a $2.9 million loan guarantee from the U.S. International Development Finance Corporation (DFC) to provide affordable microloans to entrepreneurs and small businesses in Kenya through a mobile banking platform. By providing working capital, 4G will help micro-enterprises grow and increase financial inclusion. The loan is part of the Scaling Enterprise guarantee facility, a partnership between the DFC, Citi, and the Ford Foundation focused on helping businesses in emerging markets access local-currency commercial bank financing.