Tag: lending

OFID lends KES 2 Billion to banks to facilitate loans for SMEs in East Africa

by Charity Mbaka

September 30, 2020

The OPEC Fund for International Development (OFID) has loaned KES 2 Billion (US$ 20 Million) to the East African Development Bank meant for onward lending to SMEs in the region. In a statement by the OPEC Fund, the loan is intended to boost EADB's lending to small enterprises in Kenya, ...

Branch raises $5 million to expand its lending services in Kenya

by Sam Wakoba

July 29, 2019

Branch International, a micro-lending platform fighting it out with Tala and Operas Okash has raised $5m to bolster its local lending operations in Kenya and grow its product portfolio. With operations in Nairobi, San Francisco, Mumbai, Mexico City and Lagos, the firm announced the issuance of a fourth commercial note ...

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Tag: lending

OFID lends KES 2 Billion to banks to facilitate loans for SMEs in East Africa

Branch raises $5 million to expand its lending services in Kenya

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