Archive | July 12, 2012

38% of Swazis use informal banking methods

ABOUT 38.5% of Swaziland?s population uses informal methods of banking. Micro Finance Unit National Programme Director David Mfanimpela Myeni said 43.9% of the country?s population was banked, with access to all banking facilities and loans. He said 45.3% comprised the formal non-banked, which includes Savings?and Credit Cooperatives (SACCOs). ?Those who use the informal methods are […]

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Banks tap Sh10bn for SME loans

Three local financial institutions have received credit lines totalling Sh10.2 billion from the European Investment Bank (EIB), adding to the increasing number of Kenyan lenders seeking international financing. Co-operative Bank ? Kenya?s third largest bank by asset volume ? on Wednesday signed an agreement to receive the bulk of the cash, a total of Sh7.6 […]

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