Mortgage Trend

Posts Tagged ‘kenya’

Equity Bank has received a 4 billion shilling loan from the Chinese Development Bank and cut its lending rate to 12% signalling a fresh wave in the race for cheaper credit. The Chinese loan which will be repaid at a concessional rate of 3% will enable the bank lend to the small and medium enterprises at lower rates of between 7% to 9%. Henry Githaiga has that report.