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Equity gets Sh5bn Dutch loan for SMEs lending


Equity gets Sh5bn Dutch loan for SMEs lending
Wednesday January 13 2021
By BRIAN NGUGI
Summary
The facility has been disbursed under FMO s financial program dubbed NASIRA that supports young, female, and migrant entrepreneurs in Sub-Saharan Africa.
The European Union- backed programme s scope was widened in April last year to also reach small Covid-19 affected entrepreneurs in the region.
Equity Bank Kenya #ticker:EQTY has secured $50 million (Sh5.48 billion) from the Dutch Development Bank (FMO) for onward lending to small and medium-sized firms hit by the Covid-19 pandemic.
While announcing the long-term funding, whose interest rate was not disclosed, FMO said the facility would uplift Equity Bank’s lending to the perceived risky small enterprises, who have been hard hit by the economic effects of the pandemic – lowering their ability to save and tap loans. ....

Agence Fran , Simon Mordue , Linda Broekhuizen , Dutch Development Bank , Equity Bank Kenya , International Finance Corporation , Capacity Development , African Development Bank Af , Equity Bank , European Investment Bank , Bank Kenya , Capacity Development Project , African Development Bank , European Union , சிமோன் மோர்டுே , டச்சு வளர்ச்சி வங்கி , பங்கு வங்கி கேந்ய , சர்வதேச நிதி நிறுவனம் , திறன் வளர்ச்சி , பங்கு வங்கி , ஐரோப்பிய முதலீடு வங்கி , வங்கி கேந்ய , திறன் வளர்ச்சி ப்ராஜெக்ட் , ஐரோப்பிய தொழிற்சங்கம் ,