FMO draws on Nasira fund to provide $50 million for Equity Bank Kenya
The liquidity is intended for SMEs to counter the effects of the pandemic on the Bank of Nairobi.
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▪ FMO draws on Nasira fund to provide $50 million for Equity Bank Kenya
▪ The liquidity is intended for SMEs to counter the effects of the pandemic on the Bank of Nairobi.
▪ https://www.africabusinessplus.com/en/806595/fmo-draws-on-nasira-fund-to-provide-50-million-for-equity-bank-kenya/
In practice, the funds will be disbursed in the form of loan guarantees, up to a maximum of $50 million. They will target “loans to SMEs affected by COVID-19, especially for women and youth-led businesses, as well as businesses specialising in agricultural value chains,” said Linda Broekhuizen, Head of the Dutch Entrepreneurial Development Bank (FMO).
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