Nairobi, July 20 -- Faulu Microfinance will lend more than Sh1 billion to small enterprises in Nakuru, Nyandarua and Laikipia counties, in a move set to help the bank grow its presence and revenues.
The funds are part of a Sh3 billion package targeting SMEs over the next three years.
The microfinance said it will be targeting farmers, traders, contractors, manufacturers and property developers in the three counties.
The micro lender in May received Sh1.45 billion capital injection from its parent company, Old Mutual Africa Holdings to strengthen its balance sheet and expand to the grassroots after posting a loss last year.
"Faulu is keen on strengthening its play in the counties, where the economic action is taking place, by providing m...