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Sidian Bank gets Sh990m for SME lending

Sidian Bank Chief Executive Officer Chege Thumbi (left) and Oikocredit Investments Manager, East and Southern Africa Carol Mulwa during the signing of Sh990 million credit line for onward lending to SMEs on September 22, 2021 in Nairobi.  PHOTO | FRANCIS NDERITU | NMG

By  Bonface Otieno

Nation Media Group

Business Reporter

Sidian Bank has secured Sh990 million funding from Dutch private equity firm Oikocredit for onward lending to small and medium enterprises (SMEs).

The facility, to be repaid in five years, will support the bank in its focus on providing credit to small-scale entrepreneurs.

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