Business Daily | by Patrick Alushula
Co-operative Bank of Kenya has secured $75 million (Sh8.3 billion) loan from the private sector arm of the World Bank for onward lending to micro, small and medium-sized firms crippled by the Covid-19 pandemic.
The lender announced Monday that the International Finance Corporation (IFC) loan will come in as a tier II supplementary capital and will be repaid within seven years.
Co-op Bank CEO Gideon Muriuki said the money will support MSME customers to cope with…
