Steering Committee
Dr. Chris K. Kiptoo, CBS
Dr. Chris Kiptoo is the Principal Secretary, National Treasury. He was appointed Principal Secretary by President William Samoei Ruto on 1st December...
Establishment of the Credit Guarantee Scheme (CGS) to enhance access to credit by Micro, Small and Medium Enterprises (MSMEs) is a longstanding policy objective of the Government. Kenya Vision 2030, in the Third Medium Term (2018-2022) Plan for the Financial Services Sector, identified credit guarantee as a key programme to enhance performance of MSMEs in the country.
The focus on MSMEs is informed by the critical role the enterprises play in Kenya’s economy through creation of employment opportunities and wealth for a large number of people.
MSMEs face a number of challenges despite the significant role they play in the economy. Most of the start-up enterprises do not survive their 4th birthday due to limited access to credit for capital and operational needs, market challenges, and poor business models.
MSMEs which access credit are compounded by unfavourable terms of credit, as they are perceived risky by financial institutions:
On 8th December 2020, the Government of Kenya (GoK), through the National Treasury, rolled out the CGS to respond to the identified challenges, in order to enhance access by MSMEs to quality and affordable credit.
The implementation of the CGS is through a Credit Guarantee Agreement executed jointly with Participating Financial Intermediaries (PFIs). Through the CGS, the Government commits to pay PFIs a portion of the outstanding principal amount in the event of default on qualifying credit facilities advanced to MSMEs.
The CGS organizational structure comprises three tiers, each with a distinct role in the administration of the Scheme.
The CGS is one of the strategies in the Vision 2030 and has three key objectives aimed at promoting high levels of savings to finance Kenya’s investment needs. These are—
Every figure on this page is read from the Credit Guarantee Scheme Management Information System — the same records Participating Financial Institutions report against.
Explore guaranteed activity county by county. Switch between the number of facilities and the amount approved, and click any county to re-cut the sector chart to that county — outlined counties are the R-CGS priority counties.
Both schemes run on the same platform, but they take different routes to approval. Direct lending is registered after the bank approves it; value chain financing needs a No Objection from the National Treasury before a shilling moves.
Meet the Steering Committee members providing strategic oversight and governance for the Credit Guarantee Scheme.
Steering Committee
Dr. Chris Kiptoo is the Principal Secretary, National Treasury. He was appointed Principal Secretary by President William Samoei Ruto on 1st December...
Steering Committee
Susan Mang’eni is the Principal Secretary of the newly established State Department for Micro, Small and Medium Enterprises (MSMEs) Development under...
Steering Committee
Dr. Kamau Thugge C.B.S., is the tenth Governor of the Central Bank of Kenya (CBK) and has been in office since June 19, 2023.
Steering Committee
Ms. Sharon Irungu-Asiyo, HSC is the representative of the Attorney General in the Steering Committee of the Credit Guarantee Scheme. She has a Bachelo...
Steering Committee
Dr. Tiriongo is the Director of Research and Policy at the Kenya Bankers Association, responsible for designing and executing the research agenda, and...
Steering Committee
Juliana Migunde was appointed as an independent member of the Steering Committee for the MSMEs Credit Guarantee Scheme on the 19th February, 2024 for...
Steering Committee
Mr. Christopher Aleke Dondo is a Principal Consultant with Legacy Consulting limited (formerly Cascade Consulting). Prior to joining Legacy Consulting...
0 accredited institutions transact guarantees under the schemes. Each holds a Framework Agreement with the National Treasury for the products it is contracted to offer.
Operational documents, checklists and reporting templates for both schemes.