It was reported that of the 2100 SMEs that had applied for loans via the SME CESL facility, over 50 percent applicants were successful with nearly 30 percent of loans in the application stage and 20 percent got declined through the Bank’s normal credit assessment process, according to BSP Group CEO Robin Fleming.
Fleming said that BSP Financial Group Limited continues to fund loans using its own funds under the SME CESL facility, despite exceeding the K100m support funding provided by the Government.
