Nairobi, Aug. 5 -- The International Finance Corporation (IFC) is set to loan Kenya Commercial Bank (KCB) Kenya Sh19.4 billion ($150 million) for onward lending to small enterprises and to enhance its capital base, new disclosures by the World Bank affiliate show.

The IFC said that it will lend $100 million directly from its account to the Kenyan bank, with the other $50 million coming from parallel lenders to be mobilised by the institution. Approval of the lending is expected to be considered in an IFC board meeting on September 4.

In addition to the cash loan, the IFC added that it will offer advisory services to KCB Kenya to support the implementation of a sustainable finance framework.

"Financial additionality includes an innovati...