Minister for Trade, Commerce and Industry Richard Maru was responding to media questions regarding the current plight of the state owned bank being unable to fund 498 SME business loans because it is underfunded.
“The 498 approved SME loans approved for payment is valued at K53 million.”
“It’s a serious issue but it’s subject to cash flow,” Maru said Friday.”
According to NDB managing director Moses Liu “the government was to provide NDB K100 million annually to implement this policy.”
