Coop Bank has partnered with the International Finance Corporation (IFC) in a KSh100 million deal, that will see the lender receive advisory services from IFC.
The advisory service, therefore, seeks to enhance the bank’s lending to small and medium-sized enterprises (SMEs)
“This is a banking advisory services project with Co-operative Bank, designed to increase access to finance to the medium sized businesses through skills enhancement, processes and procedures review, to enable the bank effectively serve the segment,” Business Daily quotes a statement from IFC.
The signed deal will thus run until 31st 2020.
This project is designed to leverage and unlock the huge and lucrative potential of the MSME segment.
Statement from Coop Bank