By SHERRY CHABALA
THE Bankers Association of Zambia (BAZ) has said the banking sector is committed to contributing to the growth of SMEs through provision of affordable loans.
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Speaking in an interview with Millennium TV, BAZ Chief Executive Officer Leonard Mwanza says contrary to public perception that banks are not open to assist in growing the SME sector, banks have over the years been tailoring products aimed at ensuring Zambian SMEs have easy access to financing.
Mr. Mwanza says the role of the banking sector in SME development has not only been limited to provision of financing but also capacity building.
He explains that there have been so many interventions from the banking sector through the Bank of Zambia and bankers should be commended for their role in the development of the SME sector.
Mr. Mwanza notes that the SME sector is the largest contributor to economic Growth hence the need for all stakeholders to consolidate efforts in ensuring development of the sector especially for Job creation.
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