lending rates - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

EBC warns Kenya’s Ksh995.7B domestic borrowing plan could tighten credit for small businesses

Sacco ReviewJuly 27, 202607 mins

EBC warns Kenya’s Ksh 995.7 billion domestic borrowing plan could push banks towards government securities, tightening credit terms for small businesses. The brokerage says increased demand for government debt may lead to stricter collateral requirements, shorter repayment periods and reduced lending flexibility for MSMEs. Despite private sector credit growth, EBC cautions that smaller businesses may…

Kagwe urges lenders, donors to reduce lending rates to 3% for farmers to benefit

Sacco ReviewNovember 28, 202504 mins

The Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has issued a bold call to lenders and development partners to radically reform agricultural financing models, saying farmers will never achieve meaningful growth unless credit becomes affordable and donor funding is restructured to deliver direct impact at the farm level. Speaking during the Intergovernmental Agriculture…

Co-op Bank reduces lending rates on personal loans, asset finance

Sacco ReviewMay 18, 2023May 18, 202306 mins

Co-operative Bank of Kenya has made a significant move to reduce the interest rates charged on personal loans and asset finance to selected key borrowers from 14 per cent per annum to 13 per cent per annum with effect from April this year. Among the main beneficiaries of the new lower rates include key corporate…