Co-op Bank, IFC in Sh48m women loans advisory deal

Co-operative Bank along Moi Avenue in Nairobi on January 25, 2023.  

Photo credit: File | Nation Media Group

The International Finance Corporation (IFC) is extending $370,000 (Sh47.6 million) worth of advisory support to the Co-operative Bank of Kenya to help advance its lending to women-led businesses.

The support programme started at the beginning of last month and follows a recently disclosed Sh18 billion onward lending facility that Co-op Bank received from the IFC to increase its lending to micro, small, and medium enterprises (MSMEs).

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