Investment by small companies across Kenya will benefit from significant new funding being provided by Europe’s long term lending institution, the European Investment Bank. The facility will be managed by Prime Bank to provide the much needed financing to Small and Medium Enterprises (SME’s).
This partnership marks the first engagement between the European Investment Bank and Prime Bank.
Under the programme both existing and new Prime Bank SME customers, engaged across a range of sectors, will be able to benefit from local and foreign currency loans at very attractive interest rates. The loans will be available for long term periods spreading up to a period of 10 years.