By BUUMBA CHIMBULUCUTS International says the introduction of the Zambia Credit Guarantee Scheme for Small and Medium Entrepreneurs (SMEs) will help the small companies mobilise affordable resources for growth.In the 2022 National budget, the Minister of Finance Situmbeko Musokotwane proposed the introduction of the Zambia Credit Guarantee Scheme for SMEs, which would provide an avenue for affordable financing for the sector.This sector was said to be marginalised in accessing finance from traditional sources like the commercial banks.CUTS International board member Sajeev Nair said in an interview recently that the Credit Guarantee Scheme would assist the SME mobilise resources for expansion as well as operations.“The pronouncement in the budget by the Minister of Finance is positive in the sense that now the SMEs would be able to mobilise their resources for various operations through the Credit Guarantee scheme,” Mr Nair said.Furthermore, to reduce the cost of doing business for SME’s, the minister announced that Government has […]
Credit guarantee scheme to aid SMEs
