Co-operative Bank of Kenya has received a $100 million (Sh14.14 billion) long-term loan from a consortium of financial institutions led by DEG for onward lending to micro, small and medium-sized enterprises (MSMEs) in Kenya.
The lender said Friday it got the seven-year tier II facility where DEG, a Germany-headquartered development finance institution and a subsidiary of KfW Group, acted as the lender, mandated lead arranger and facility agent.
