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Platinum credit, sister firms get Sh1.3bn loan
The loan is meant to expand the financiers’ lending to small businesses in the region, especially women-owned ones and those working in climate-smart agriculture, increasing their access to formal credit.
Microfinance lender Platinum Credit’s parent firm Platcorp Holdings has received a $10 million (Sh1.29 billion) loan from Swedish development financier Swedfund to expand its lending to micro, small, and medium enterprises (MSMEs) in Kenya and across the region.
Platcorp Holdings Limited is the parent firm of lenders Platinum, Premiere, Momentum, Eezy, Viva, Fanikiwa, and Spectrum, which operate in Kenya, Uganda, Tanzania, and Zambia.
