BSP Group GM for Retail, Daniel Faunt said the SME Credit Enhancement Scheme loan (CESL) continues to get a lot of traction in Retail Lending since its roll out on 4th October, 2020.
“To date since February 2023, we have funded over K332m in SME Credit Enhancement Scheme Loans assisting 2,640 SMEs. Equity requirement was reduced from 30 percent to 10 percent with an increase of funding from K3m to K5m in May of 2021. That allowed for greater participation from the SME sector in this scheme,” Mr Faunt added.
