Co-operative Bank of Kenya is set for a fresh $140 million (Sh18.14 billion at current exchange rates) loan from the International Finance Corporation (IFC) to support its lending to micro, small, and medium enterprises (MSMEs), a new disclosure said.
The new loan was approved by the IFC board and signed by both parties in June and is currently awaiting disbursement after which the facility will run for seven years with a two-year grace period for Co-op Bank.
