4G Capital has secured a $2.6m term loan from Citi in order to better support the financial needs of 25,000 small businesses specialising in fast-moving consumer goods.
Wayne Hennessy-Barrett, CEO and Founder of 4G Capital, told TechMoran, that the company was looking forward to the collaboration aimed at extending its Kenyan services.
“2020 has been a challenging year, but the backbone of our community and economy, the informal traders, have shown an inspiring degree of resilience,” he said.
“Together Citi, 4G Capital and our distribution partners can bring much-needed growth capital and strengthen financial inclusion, thus supporting the Kenyan Government and our UN Sustainable Development Goals. This is just the start of an incredible journey together.”
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