Solv Kenya CEO Sheila Kimani said the platform has issued Sh106 million loans, about 13.6 percent of the initial Sh780 million from financial institutions for onward lending.
Sidian Bank and Victoria Commercial Bank now have an opportunity to grow their SME and trade finance lending portfolio thanks to the funding deals by DFC, USAID and BADEA.
Varanasi (Uttar Pradesh) [India], September 22 (ANI/PNN): Utkarsh Small Finance Bank Limited (USFBL), today on its 13th Foundation Day announced the inauguration of 22 branch outlets in the country. Govind Singh, MD and CEO, Utkarsh Small Finance Bank Limited, via video conferencing inaugurated 22 banking outlets across various States and Union Territory, namely Uttar Pradesh, Bihar, Jharkhand, Odisha Karnataka, Gujarat, Haryana, Punjab, Rajasthan Maharashtra and Puducherry. With this, the Bank has reached 737 branches in the country spread across 23 states and union territories. The launch of these banking outlets is aligned with the Bank's strategy to extend its reach in existing and newer geographies. This includes wholesale lending, micro banking loans (such as Joint Liability Group loans ("JLG loans")), micro, small and medium enterprises ("MSME") loans, housing loans, loan against property, commercial vehicles and construction equipment loans and gold loan