KDC seeks banks to advance Sh6.8bn

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Director General, Kenya Development Corporation, Norah Ratemo. FILE PHOTO | DENNIS ONSONGO | NMG

The Kenya Development Corporation Limited (KDC) is seeking partner banks to advance Sh6.8 billion (€47.25 million) to micro, small, and medium enterprises(MSMEs).

Under the plan, the State-owned development finance institution KDC will advance between Sh10 million and Sh500 million to each financial institution for on-lending.

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