Kenya's Co-op Bank Gets $75M for Lending to MSMEs

Source: The East African

The Co-operative Bank of Kenya has secured $75 million long-term funding from the International Finance Corporation (IFC) for onward lending to the micro, small and medium-sized enterprises (MSMEs).

The bank’s chief executive Gideon Muriuki said the funds would be used to support businesses to better cope with the disruptions brought about by the COVID-19 pandemic.

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