Kenya's Co-op Bank gets $56.05 million EU bank loan for SMEs lending

Gideon Muriuki

Co-operative Bank CEO Gideon Muriuki. FILE PHOTO | NMG

Kenya's Co-operative Bank has received Ksh6.3 billion ($56.06 million) from the European Investment Bank for onward lending to small businesses to help them recover from the impact of the Covid-19 pandemic.  

Co-op Bank chief executive officer Gideon Muriuki said micro, small and medium-sized (MSME) firms with up to 250 workers can apply for the loan.