By SILUMESI MALUMOTHERE must be flexibility from the banks in terms of arrangement for collateral when giving SMES loans from the stimulus package provided by government because they are stressed with effects of COVID -19, former Minister of Finance Felix Mutati has said.Mr Mutati said there was need to ensure that SMEs were given a breath because things were not well with them.He said in an interview yesterday, during this period when the SMEs were financially stressed , conditions to get the loans must be flexible.Mr Mutati said banks should not put more burdens on the stressed sector because they would not contribute to the economy as expected.He said the government wanted the sector to be stable and that it was prudent that the banks put in place conditions which were fair enough.“It is a very welcome preposition to help the Small and Medium Enterprises but what remains unclear is on the terms and conditions […]
Ease collateral demands on SMEs – Mutati
