Monday, May 22, 2023
  • About
  • Advertise
  • Careers
  • Contact
Star Today Logo
  • Home
  • News
  • Business
  • Politics
  • Investigation
  • Health
  • Opinion
No Result
View All Result
Star Today Logo
Home Business

Co-op gets Sh6.3 billion EU bank loan for SMEs lending

by Star Today
November 25, 2021
in Business, News
1 min read
Co-op gets Sh6.3 billion EU bank loan for SMEs lending
221
SHARES
9.2k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Co-operative Bank of Kenya has received Sh6.3 billion (50 million euros) from the European Investment Bank for onward lending to small businesses to help them recover from the impact of the Covid-19 pandemic.

Co-op Bank chief executive officer Gideon Muriuki said micro, small and medium-sized (MSME) firms with up to 250 workers can apply for the loan.

Readers' Choice

Co-op Bank announces open vacancies

Co-op Bank announces open vacancies

May 22, 2023
Gachagua chairs first Cabinet meeting at Karen residence

Gachagua chairs first Cabinet meeting at Karen residence

May 22, 2023

The long-term loan will be repayable in seven years and will assist MSMEs fund the acquisition of tangible business assets, working capital, development of distribution networks innovation and business research.

Mr Muriuki said the lending is part of the bank’s effort to contribute to the recovery of Kenya’s businesses following the Covid-19 challenges.

“The credit facility will be available for up to a maximum of Sh1.5 billion per customer for a maximum tenor of seven years,” he said.

“Co-operative Bank commitment to the SME sector in Kenya will ensure that this facility will be available immediately,” Mr Muriuki added.

ShareTweetSend
Previous Post

Faces behind illegal broadcast media gambling amid claims of tax evasion

Next Post

Kilifi mineworkers access Beyond Zero medical services

Related Posts

Co-op Bank announces open vacancies
News

Co-op Bank announces open vacancies

May 22, 2023
Gachagua chairs first Cabinet meeting at Karen residence
News

Gachagua chairs first Cabinet meeting at Karen residence

May 22, 2023
Shakahola inquiry: Ruto’s commission to know fate next week
News

Shakahola inquiry: Ruto’s commission to know fate next week

May 22, 2023
Next Post
Humiliated Ogalo calls off last-minute press briefing

Kilifi mineworkers access Beyond Zero medical services

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

ADVERTISEMENT

NEWS BRIEFS

Co-op Bank announces open vacancies

Co-op Bank announces open vacancies

May 22, 2023
Gachagua chairs first Cabinet meeting at Karen residence

Gachagua chairs first Cabinet meeting at Karen residence

May 22, 2023
Shakahola inquiry: Ruto’s commission to know fate next week

Shakahola inquiry: Ruto’s commission to know fate next week

May 22, 2023
Co-op Bank, IFC partner in health equipment funding

Co-op Bank’s net profit grows to Sh6.1b in first quarter

May 19, 2023
Assistant chief arrested in Samburu over banditry involvement

Assistant chief arrested in Samburu over banditry involvement

May 19, 2023

About Star Today

Star Today gives you the latest news stories written by local journalists for the ordinary Kenyan.

Recent News

  • Co-op Bank announces open vacancies
  • Gachagua chairs first Cabinet meeting at Karen residence
  • Shakahola inquiry: Ruto’s commission to know fate next week

Category

  • Business
  • Health
  • Investigation
  • News
  • Opinion
  • Politics

Recent News

Co-op Bank announces open vacancies

Co-op Bank announces open vacancies

May 22, 2023
Gachagua chairs first Cabinet meeting at Karen residence

Gachagua chairs first Cabinet meeting at Karen residence

May 22, 2023
  • About
  • Advertise
  • Careers
  • Contact

© 2020 | Star Today

No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Investigation
  • Health
  • Opinion

© 2020 | Star Today