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Kenya small businesses to tap IFC’s planned Sh6.7bn fund
The proposed investment in five subsidiaries of Platcorp Holdings in the region will be in the form of a four-year senior loan, with a one-year grace period.
The International Finance Corporation (IFC) proposes to invest up to Sh6.7 billion ($52 million) in microfinance institution, Platcorp Holdings Limited, to boost its liquidity and support lending to micro, small, and medium enterprises (MSMEs) in Kenya and across East Africa.
The proposed investment in five subsidiaries of Platcorp Holdings in the region will be in the form of a four-year senior loan, with a one-year grace period.
