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

Co-operative Bank CEO Gideon Muriuki. 

Photo credit: File | Nation Media Group

Co-operative Bank #ticker:COOP 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.

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