Browsing: FMO

  • Dutch Development Bank, FMO, will cover the lender against loan defaults of up to Sh1.7 billion (US$15 million)
  • I&M Bank will broaden the availability of financial services to micro, small, and medium-sized enterprises (MSMEs)
  • The NASIRA programme is a novel financial programme that aims to target disadvantaged entrepreneur sectors in nations bordering Europe and Sub-Saharan Africa

I&M Bank Kenya has entered into a deal with the Dutch Development Bank, FMO, which will cover the lender against loan defaults of up to Sh1.7 billion (US$15 million) that have been extended to small and medium firms.

The Kenyan institution, which is a solely-owned subsidiary of I&M Group PLC, has been a loyal customer of FMO for many years. Since 2010, I&M Bank Kenya has been one of FMO’s customers.

The European Union’s European Fund for Sustainable Development and the Financial Markets Organization of the Netherlands’ (FMO) Management of the Financial Inclusion Fund …