{"id":51727,"date":"2023-05-20T00:00:00","date_gmt":"2023-05-20T00:00:00","guid":{"rendered":"http:\/\/southafricavoice.com\/?guid=fd9904225a350178079b6c9bc3824913"},"modified":"2023-05-20T00:00:00","modified_gmt":"2023-05-20T00:00:00","slug":"zemburuka-explained-that-bon-is-the-latest-institution-to-offer-the-scheme-for-its-existing-clients","status":"publish","type":"post","link":"https:\/\/southafricavoice.com\/zemburuka-explained-that-bon-is-the-latest-institution-to-offer-the-scheme-for-its-existing-clients\/","title":{"rendered":"Zemburuka explained that BoN is the latest institution to offer the scheme for its existing clients."},"content":{"rendered":"<p><P>The Bank of Namibia (BoN) has disbursed N.dollars 85.9 million worth of loans in the re-launch of the Small Medium Enterprise (SME) Economic recovery loan scheme.<\/P><P><\/P><P>A statement issued yesterday by the bank\u2019s director of communications and international relations, Kazembire Zemburuka, said the re-launching of the scheme was in response to economic challenges faced by SMEs due to the COVID-19 pandemic.<\/P><P><\/P><P>He said that since the re-launch the scheme has attracted applications from 200 SMEs countrywide.<\/P><P><\/P><P>Zemburuka explained that BoN is the latest institution to offer the scheme for its existing clients.<\/P><P><\/P><P>The loan scheme involves the allocation of N.dollars 500 million to eligible SMEs and SMEs can seek loans from N.dollars 50 000 to N.dollars 10 million.<\/P><P><\/P><P>Zemburuka added that the loans are disbursed at a rate equivalent to the current prime lending rate, with a reduction of 50 basis points and less stringent conditions.<\/P><P><\/P><P>He concluded that 80 out of the 200 SMEs that have submitted their applications have been granted loans, while the remaining 120 applications are undergoing review.<\/P><P><\/P><P>Source: The Namibian Press Agency<\/P><P><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Namibia (BoN) has disbursed N.dollars 85.9 million worth of loans in the re-launch of the Small Medium Enterprise (SME) Economic recovery loan scheme.A statement issued yesterday by the bank\u2019s director of communications and international re&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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