I & M Kenya Loaners Bank International is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act
The Bank went public and was listed on December 22nd 2008.
Shares previously held by the 3,805 Co-operative Societies and unions were ring-fenced under CoopHoldings Co-operative Society Limited which became the strategic investor in the Bank with a 64.56% stake.
Times when we have ensured our clients stayed in business.
Client had an order to supply medical equipment but was short of the funds required. The client approached The Lending Company and obtained a credit facility to fulfill the order. This enabled the borrower to retain the business and make a decent return.
Client was in possession of a local purchase order for construction material but did not have funds to complete the order thus risked losing the job or not fulfilling the entire order. The Lending Company provided the funds required to fulfil the order ensuring the borrower maintained their reputation.
This member of Business Network International was short of working capital to settle creditors and other business expenses occasioned by a delay in debtors settling their invoices. The Lending Company provided the funds required to bridge the working capital gap and ease the cash flow strain
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