He said the fund would allow artistes, actors and musicians to continue entertaining the public through TV, radio and the internet. While the amount looks good for boosting business, most of the medium and small hotels in the Coast region have opted not to apply for the loans. Anami argued that the requirements were suitable for the bigger hotels with the paper work involved discouraging hotels in applying. Under the scheme, the SMEs were to access cheap loans from seven local banks verified by the Central Bank of Kenya. The lenders were KCB, Co-operative Bank, Absa Kenya, NCBA, Diamond Trust Bank, Stanbic Bank and Credit Bank.

Source: Standard Digital March 14, 2021 06:22 UTC