Oikocredit buys minority stake in Credit Bank (Kenya)

Oikocredit, an impact investor has acquired a minority stake in Credit Bank for 1 billion Kenyan shillings (US$10 million) which values the bank at 4 billion Kenyan shillings (US$40 million). Credit Bank provides loans to Small and Medium Enterprises (SMEs) within Kenya and has loan assets in the region of US$180 million (FY2018). The investment is subject to Kenyan Competition Authorities’ approval.

OikoCredit International is a social impact investor that has provided loans and equity investments to 676 partners in 69 countries worldwide through its network of local presence with the core principle of empowering people to improve their lives.

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