Microlenders Encouraged to Lower Interest Rates on Loans
Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, is appealing for microfinance institutions to lower interest rates on loans for small business owners. “I encourage microlenders to ensure that your (loan) products are not exploitative with high interest rates that, instead of lifting our entrepreneurs, push them into a situation of unproductivity and perpetual borrowing,” he said. The...









