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I&M inks Sh4 billion loan deal with Dutch lender

The I&M loan has a tenor of five years. FILE PHOTO | NMG

By  BRIAN NGUGI

I&M Bank has secured a $40 million (about Sh4 billion) loan from the Dutch Development Bank (FMO) for onward lending to small business (SMEs) in what is expected to boost their operations currently hampered by cautious loaning.

While announcing the long-term funding, FMO said the facility would uplift I&M Bank’s lending to the small enterprises.

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