Absa unveils unsecured working capital loan for SMEs

Absa Bank along Muindi Mbingu Street in Nairobi.

Photo credit: File | Evans Habil | Nation Media Group

Absa Bank Kenya has unveiled a new unsecured working capital loan platform for small and medium enterprises (SMEs) as it intensifies its lending to the sub-sector.

The platform dubbed Wezesha Stock allows distributors, wholesalers and retailers in the fast-moving consumer goods segment to access short-term funding for restocking at fixed interest rates.

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