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Cooperative Bank To Get Boost In Funding SMEs

Cooperative Bank of Kenya gets funding from IFC to boost SME growth

International Finance Corporation(IFC) is almost finalising a lending deal amounting to $150m that will see Cooperative Bank of Kenya channel loans to SMEs for seven years.

The boost is expected to rejuvenate the lending capability of Coopbank thus reaching  underserved micro,small and medium enterprises especially in the manufacturing, trade and agriculture sectors of the Kenya economy.

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