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KFC to disburse loans worth Rs 32 cr

Our Bureau

Thiruvananthapuram, Aug. 8

Kerala Financial Corporation will disburse loans to the tune of Rs 32 crore to the entrepreneurs in Thiruvananthapuram district during the current financial year. At a business meet here on Tuesday, Mr V.M. Gopala Menon, Managing Director of KFC, said that the public sector financial institution had on offer several loan products for entrepreneurs in tourism, information technology, hotel and hospital sectors. The interest rate for KFC loans is 9.5 per cent, which is lower than the rates charged by most financial institutions, he said.

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