Proparco’s $5 million credit line will help the microfinance institution further support the Palestinian private sector and will contribute to financial inclusion, which remains low in the Palestinian territories.
PROPARCO is supporting Kenya Nut Company with a USD 18.7m loan. This family-run business has diversified its activity and has been operating in the nut sector (macadamia and cashew nuts) in Kenya for over 40 years. This thriving business sources from over 30,000 small-scale nut producers.
This operation arranged by Proparco will support the bank’s activity towards Mozambican corporates and infrastructure projects, which are core to the country’s development. It illustrates the commitment of both Development Finance Institutions to support the private sector in complex environments.
Proparco has granted a new 25 million euro credit line to Türkiye İş Bankası (İş Bank). Turkey's leading private bank, with a balance sheet total of more than 69 billion euros, İş Bank is a historical partner of Proparco, the first credit line between the two institutions having been signed nearly 10 years ago.