The European Investment Bank has approved a credit facility worth Ksh 3.4 Billion to Kenya’s Family Bank to boost its lending to small and mid-sized enterprises.
This is the second tranche by the EIB given that an earlier one worth Ksh 2 billion was given out two years ago.Family Bank says they expect a third tranche worth Ksh 1.14 billion is expected in in the next one month. In total, Family Bank has secured over Ksh 6 Billion from the European Investment in less than six months considering the Ksh 3.3 Billion that was secured in December 2015.
Read; Family Bank Obtains Ksh 3.3 Billion From European Investment Bank
