Stanbic gives 3-month loan holiday for SMEs

Stanbic Bank building in Nairobi. SMEs with outstanding loans with the financier have been offered a three-month repayment break. FILE PHOTO | NMG

Small and medium sized enterprises (SMEs) with outstanding loans at Stanbic Bank Kenya #ticker:CFC have been offered a three-month repayment break to cushion them against the economic disruptions caused by the coronavirus pandemic.

The offer is effective April 1, meaning that the SMEs will be required to resume repayments in July, offering reprieve to small entities at a time sales have dwindled.

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