Project Overview

A2F Consulting supported the National Treasury of Kenya (Government of Kenya) as Transaction Advisor in the establishment of the Kenya Credit Guarantee Company (KCGC). The project aimed to create a standalone, market-based credit guarantee institution to expand access to finance for MSMEs, particularly women-led businesses, startups, and climate-focused enterprises.

Work Developed

• Updated the feasibility study and developed a five-year strategic plan, including business and financial models
• Designed governance structures, operating model, product offerings, and IT architecture for the new entity
• Developed operational manuals and templates covering risk, claims, finance, M&E, procurement, and HR
• Supported resource mobilisation, including shareholder agreements and investor engagement activities
• Provided end-to-end transaction advisory support for the operationalisation and launch of KCGC

The assignment was delivered over 5 months and combined financial advisory, institutional design, and implementation support. A2F enabled the transition from an existing credit guarantee scheme to a fully operational, independent company, strengthening Kenya’s financial ecosystem and expanding MSME access to finance.