https://www.swedfund.se/...-private-sector-3072790

Swedfund provides a USD 15 million long-term subordinated loan to Co-operative Bank of Kenya (“Co-op Bank”) to support the Bank’s lending to small and medium-sized enterprises (SMEs) and green finance projects. By supporting Co-op Bank, Swedfund will contribute to job creation and private sector development. Almost half of all SMEs in Kenya are women-owned businesses which contribute to around 20% of Kenya’s GDP.
Co-op Bank has raised a total of USD 75 million from a consortium led by the IFC to enable the Bank’s continued growth and strengthen its capitalization.


The rate at which they are taking debt