Solv Kenya, the Standard Chartered Plc-backed digital marketplace for small traders, has disbursed more than an eighth of its initial credit line a few months after setting up, signalling appetite for supply chain funding. Solv Kenya CEO Sheila Kimani said the platform has issued Sh106 million loans, about 13.6 percent of initial Sh780 million from financial institutions for onward lending.
The cash has been wired to about 1,000 micro-, small- and medium-sized enterprises (MSMEs) signed up on the platform out of 3,300 traders nominated by suppliers.
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