I&M Bank (T) Limited receives USD 5 Million credit line from PROPARCO

PROPARCO accorded I&M Bank (T) Limited a 7 year USD 5 Million credit line for onward lending to the Bank’s customers. This facility supplemented I&M Bank (T) Limited’s ability to support the growing demand for long term foreign currency lending to the expanding SME sector in Tanzania. For PROPARCO, this lending represented the deepening of the existing partnership with I&M Bank, having been shareholders of the Bank since acquisition of the bank in Tanzania.