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Faulu Microfinance Bank has received Sh1 billion from European Investment Bank (EIB) to finance small businesses.
EIB's new lending deal is the first partnership with Faulu Microfinance Bank under a new EUR 50 million (Sh5.85 billion) initiative to support microfinance institutions across East Africa. In the last eight years, EIB has provided EUR 160 million (Sh18.72 billion) for lending to banks and microfinance institutions in Kenya.
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