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Bank targets SMEs with Sh1.5bn Indian credit line
The minimum loan will be Sh5 million with the target being the leather, agro-processing, textiles, chemicals and manufacturing investors. FILE PHOTO | NMG
IDB Capital has unveiled a Sh1.5 billion line of credit to small and medium enterprises seeking to fund machinery imports under an India-funded scheme.
Managing director Karen Kandie told the Business Daily that SMEs with healthy balance sheets seeking to meet market demand or upgrade their machinery to reduce operational costs would be considered.
