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Equity Group MD and CEO Dr. James Mwangi [PHOTO: Wilberforce Okwiri, Standard]
Equity Group Holdings has signed a Sh11 billion loan facility to support micro small and medium enterprises (MSMEs) during the coronavirus pandemic.
The deal was signed with Team Europe, Germany’s DEG, the Netherlands FMO and the UK’s CDC Group in Nairobi yesterday.
The lender has committed to loan repayment accommodation for up to 45 per cent of the customers whose cash flows and operation cycles were likely to be negatively impacted during the pandemic.
This is the fourth tranche for Equity Group, having signed a Sh5.5 billion loan facility with the International Finance Corporation in September last year and Sh11 billion from Proparco in October. ....

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