By BUUMBA CHIMBULUTO support the transport sector value chain, Stanbic Bank has partnered with SGC Investments Zambia under which the financial institution will provide affordable financing solutions to the partners’ clients.Under this partnership, the Bank will provide easy access and affordable short term working capital financing to SGC’s transport subcontractors.The Bank understands that access to finance is the topmost requirement for transporters and suppliers operating in the transport sector with key cost line being fuel, says Head Trade at Stanbic Bank, Lillian Salasini-Simfukwe.Ms Salasini-Simfukwe explained that the Bank was able to provide unsecured loans because it recognises the importance of empowering the small and medium suppliers or subcontractors that may not have the balance-sheet for security that banks usually ask for.To unlock the financing bottlenecks, Stanbic Bank is offering both unsecured and secured financing solutions to the transporters and suppliers in the transport value chain.“As Stanbic, we see this as an opportunity to support our […]
TRANSPORT SECTOR BOOSTED
