Browsing: FMO

I&M;Dutch lender have agreed to cover Sh1.7 billion in SME loans. www.theexchange.africa

As part of its ongoing, I&M Bank intends to broaden its engagement with micro, small, and medium-sized enterprises (MSMEs); therefore, the risk-sharing facility will be used for the MSME portfolio.

More than one-third of Kenya’s gross domestic product is generated by micro, small, and medium-sized enterprises (MSMEs), most of which are held by women and young people. However, many business owners continue to have difficulty gaining access to various forms of financial assistance.

Traditional business customers have been the primary focus of the bank’s attention as of late. Following the plan laid out by the bank, I&M Bank will broaden the availability of financial services to micro, small, and medium-sized enterprises (MSMEs) all over the nation while simultaneously offering digital solutions, such as partnerships with fintech companies, to facilitate a seamless transition.