The Tanzania based CRDB Bank Group has signed a loan deal with the International Finance Corporation (IFC) for $75 million for women SMEs. CRDB Managing Director, Dr. Charles Kimei and IFC’s Vice President for sub-Saharan Africa, Jean Philippe Prosper signed the agreement recently which will also support farmers and agribusiness. The comprehensive investment package consists of a $40 million loan targeting SMEs, particularly those owned by women, including $6 million through IFC’s Global SME Finance Facility; a $10 million trade line through IFC’s Global Trade Finance Program and $25 million through IFC’s Global Warehouse Finance Program to support the commodity business.
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