SMEs and Women set to access more loans from Equity Bank

Equity banks james mwangi
Its good news to the Small and Medium Enterprises (SMEs) and Women as Equity Bank announced a plan to channel more loans to them this year.The move came in as a result of the ksh10billion funding that the Equity Bank Group received from the World Bank's private lending wing,International Finance Corporation (IFC).

The bank's group manager,James Mwangi, confirmed the funding from IFC and and pointed out that ,the money will enable the lender to provide enough funding to the SMEs and Women ,keeping them abreast among other market lenders in kenya.The bank which already has a good history in helping SMEs ,women and Youths grow economically,will most probably provide the funding through its existing credit packages like 'Fanikisha Loans' for the women.

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