Zambia News

Introduced by CEEC: K20M Loan Facilitity

A brand-new loan product named Busulu, with a 20 million Kwacha value, has been introduced by the Citizens Economic Empowerment Commission (CEEC).

According to MICHELO MUKATA, the manager of CEEC Public Relations and Communications, interested persons can apply for funding ranging from 5,000 to 50,000 Kwacha.

According to Mr. Mukata, the loan has an interest rate of 8% and both new and established enterprises can apply for funding.

According to him, interested Zambians can acquire free application forms and physically submit them after submitting an application at the closest CEEC Office, according to ZNBC News.

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