×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - 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.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
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
Of VAT and fuel; Inside William Ruto's gamble to keep pump prices low
Business
Pay rent or buy food? The dilemma haunting Kenyan families
Business
Nairobi to host Africa Blockchain Festival
Business
MPs start public participation on dissolution of six development authorities