Small to Medium Enterprises (SME)

Over 2600 SMEs assisted

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.

SMEs To Contribute through Eda Supa

Nasfund provides an overview of Eda Supa during its monthly appearance on Nasfund FM100 Talkback, on ensuring that current and potential members are aware and informed of the requirements and benefits of saving with Nasfund.

Present was the Fund’s Manager Business Development, Melanie Lavaki, Team Leader New Business, Hamilton Riman and Team Leader Client Relations, Raela Wari.

According to Ms Lavaki, the updates given in the monthly sessions are essential given the rise in numbers of SMEs all across the country.