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NAIROBI: Sumac Microfinance Bank has received a Sh100 million cash injection from the Regional MSME Investment Fund for Sub-Saharan Africa (Regmifa), which will boost its efforts to battle for a bigger share of the micro-credit market.
Sumac Bank Managing Director John Njihia said the funds would be used to shore up the bank’s working capital and for lending to micro, small and medium enterprises (MSMEs).
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