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Family Bank has secured a $20 million (Sh2.6 billion) facility from British International Investment (BII) for onward lending to micro, small and medium-sized enterprises (MSMEs) in trade-related sectors. BII is a United Kingdom-based development finance institution and impact investor.
This partnership, which seeks to bolster trade financing in the country, will have a minimum of 75 per cent of the funds directed towards financing trade for MSMEs.
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