Co-op Bank lines up billions for women-owned SMEs after German loan deal

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).