Cooperative Bank, IFC to offer unsecured loans to SMEs

692

Co-operative Bank
KBC_Facebook-728x90

Cooperative bank in partnership with the International Finance Corporation has kicked off a business training and affordable financing targeting small businesses in Kenya.

The lender says under the programme, Micro, Small & Medium-sized Enterprises would be offered 15 billion shillings in unsecured loans.

The Bank has kicked off Customer Networking Forums for Micro, Small & Medium-sized Enterprises which will see the bank train its customers countrywide on strategies to grow their businesses in changing operating environments.

Also Read  House prices in Kenya reverse decline trend

This is part of a joint 15 billion shillings initiative project between Cooperative Bank and the International Finance Corporation to help develop the SME sector in the country.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 22163

Under the programme, Micro, Small & Medium-sized Enterprises will access unsecured business loan, E-Credit facility, packaged insurance cover, revised and pre-approved limits on overdrafts and loans.

Also Read  Ministry drafts law to safeguard member savings

The bank says this is part of their deliberate efforts to spur growth in the SME sector in a bid to add more jobs into the economy.

Also Read  Ministry drafts law to safeguard member savings

 

KBC-You-tube-728x90-New-2

Tell Us What You Think