[Source: Business Daily, by Bonface Otieno]
Equity Bank Kenya has secured $50 million (Sh5 billion) loan from the private sector arm of the World Bank for onward lending to small and medium-sized firms crippled by the Covid-19 pandemic.
The International Finance Corporation (IFC) loan will allow Equity Bank to maintain lending to risky small traders and firms, who have been hard hit by the economic effects of the pandemic – lowering their ability to save and tap loans.
“IFC’s loan, part of our business continuity management plan, will help Equity Bank extend much-needed support to…
