Co-op taps Sh3.3bn loan to boost women-led SMEs

Co-operative bank along Moi Avenue in Nairobi.

Photo credit: File | Lucy Wanjiru | Nation Media Group

Co-operative Bank of Kenya has received a $25 million (Sh3.32 billion) long-term loan from the German fund DEG for on-lending to women-led micro, small and medium-sized (MSMEs) enterprises in Kenya.

DEG, a subsidiary of KfW Group, announced Thursday the credit line will help to close existing gaps in funding for MSMEs in Kenya.

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