×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Co-op Bank lines up billions for women-owned SMEs after German loan deal

Vocalize Pre-Player Loader

Audio By Vocalize

Co-operative Bank Group Managing Director and CEO Dr Gideon Muriuki at a past event. [File, Standard]

Co-operative Bank of Kenya says it has set aside a Sh3.375 billion war chest for affordable loans to small businesses owned by Kenyan women.

This is after the tier-one lender inked a long-term loan deal with German fund DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, a subsidiary of KfW Group, for $25 million (Sh3.37 billion).

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Mombasa tourism council backs new beach management standards
Business
Nakuru tourism sector gears up for the festive season
Business
Kenya Railways unveils SGR vehicle freight service
Opinion
Investors get relief from policymakers amidst rising political temperatures