By Kelvin ChunguTWO and half years ago, on 13 September 2017, the Zambia Credit Guarantee Scheme Limited (ZCGS) with the aim of providing a platform for financial institutions to offer affordable financial products and services at reduced risk to SMEs, thereby promoting growth and competitiveness of SMEs.This followed a statement by then Minister of Finance that the government was in the process of setting up an Entrepreneurial Fund for the private sector to enable the establishment of a system that facilitated the issuance of long-term credit guarantees to Small and Medium Enterprises (SME’s) in Zambia at low-interest rates.The Entrepreneurial Fund was aimed at augmenting the ability of small-scale private sector participants, particularly those in agriculture, aquaculture, value addition, energy projects in contribute to the growth of the economy.In August 2018, to ZCGS introduced the ‘business coach model’ to train and supervise small and medium-scale entrepreneurs (SMEs) in risk management, record keeping and financial management. The […]
Where are we, With The Credit Guarantee Scheme?
