LAGOS — Cascador and Sterling Bank have announced a $200 million credit-risk backstop fund that could support up to $1 billion of loans to small and medium-sized businesses. Borrowers will be recommended by venture capital funds and start-up studios. Cascador Chief Executive Trish Thomas and Sterling Group Executive Obinna Ukachukwu presented the scheme.
Cascador, Sterling Bank Launch $200m Backstop for SME Loans
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