dfcu Bank secures $3m facility
Mar 25, 2007
DFCU Bank has secured a $3m (sh5.2b) co-financing facility from the Norwegian Investment Fund for Developing Countries (NORFUND).
By Ibrahim Kasita
DFCU Bank has secured a $3m (sh5.2b) co-financing facility from the Norwegian Investment Fund for Developing Countries (NORFUND).
dfcu’s executive director, Moses Kibirige, said the funds would finance small and medium enterprises in the agriculture, manufacturing, education, construction and health sectors.
“With this loan, dfcu gains larger capacity to finance its growth in term of loans, lease facilities, mortgage finance and working capital financing,†Elizabeth Marinelli, the NORFUND director of investments for financial institutions, said.
DFCU Bank has secured a $3m (sh5.2b) co-financing facility from the Norwegian Investment Fund for Developing Countries (NORFUND).
dfcu’s executive director, Moses Kibirige, said the funds would finance small and medium enterprises in the agriculture, manufacturing, education, construction and health sectors.
“With this loan, dfcu gains larger capacity to finance its growth in term of loans, lease facilities, mortgage finance and working capital financing,†Elizabeth Marinelli, the NORFUND director of investments for financial institutions, said.