More than 3,300 enterprises have been granted over K100 billion from the Coronavirus Fund in the past four months, as per the data of a committee to remedy the economic impacts caused by the pandemic.
The committee has been granting the loan to the business stricken by the pandemic from the initial fund, with K50 billion allocated from the country’s revolving fund and another K50 billion from the social welfare fund. The priority sectors are CMP garment business, hotel and tourism service and small and medium enterprises (SMEs).
The interest rate for a one-year period is only one per cent.