The SME Credit Gap: Why Zambian Small Businesses Still Can’t Borrow Affordably
Zambia's policy rate is 14%, but SMEs typically pay 30% or more to borrow. What drives the gap, and what it means for business formation and growth.
Tag: SME finance
What the Bank of Zambia Policy Rate Means for Your Loan
The policy rate is 13.25% but the average lending rate is near 28%. Why the gap exists, what actually moves your repayment, and the three questions to ask your bank.