Zimbabwe central bank calls for flexibility on SME credit
Banks should adopt new lending frameworks that provide more supports to SMEs; women, young people, rural population most at risk from financial exclusion
The Reserve Bank of Zimbabwe has called for increased flexibility by banks in an effort to boost credit to small and medium-sized enterprises (SMEs) and improve financial inclusion in the country.
In its latest financial inclusion strategy, the bank says one of the key reasons for the low volume of bank credit to the SME sector was the insistence of banks using “traditional and inflexible” lending frameworks.
“The financial institution’s lending models need to be increasingly flexible, and
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