{"id":45414,"date":"2021-02-23T09:57:18","date_gmt":"2021-02-23T06:57:18","guid":{"rendered":"https:\/\/www.kfm.co.ug\/?p=45414"},"modified":"2021-02-23T13:53:50","modified_gmt":"2021-02-23T10:53:50","slug":"financial-institutions-asked-to-make-borrowing-more-affordable","status":"publish","type":"post","link":"https:\/\/www.kfm.dembefm.ug\/staging_h\/financial-institutions-asked-to-make-borrowing-more-affordable\/","title":{"rendered":"Financial institutions asked to make borrowing more affordable"},"content":{"rendered":"<p><strong>By Moses Ndhaye<\/strong><\/p>\n<p>Financial institutions have been asked to make borrowing more affordable to help support their clients with businesses entities that have been severely affected by the COVID-19 pandemic.<\/p>\n<p>According to Stanbic Bank\u2019s Chief Finance Officer Samuel Mwogeza, one of the ways to achieve this is by reducing interest rates which currently average at 21%.<\/p>\n<p>He is optimistic that with such innovations, the country\u2019s economy will quickly register a steady growth.<\/p>\n<p>Mwogeza was speaking at the launch of a 3-month campaign code named \u201cNow-Now Loans\u201d, where the bank has reduced interest charged on loans to 15.9% to help their customers boost growth of their battered businesses.<\/p>\n<p>According to the Uganda Investment Authority, SMEs make up about 90% of the private sector and are directly linked to over 80% of manufactured output.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Moses Ndhaye Financial institutions have been asked to make borrowing more affordable to help support their clients with businesses entities that have been severely affected by the COVID-19 pandemic. According to Stanbic Bank\u2019s Chief Finance Officer Samuel Mwogeza, one of the ways to achieve this is by reducing interest rates which currently average at 21%. He is optimistic that with such innovations, the country\u2019s economy will quickly register a steady growth. Mwogeza was speaking at the launch of a 3-month campaign code named \u201cNow-Now Loans\u201d, where the bank has reduced interest charged on loans to 15.9% to help their customers boost growth of their battered businesses. According to the Uganda Investment Authority, SMEs make up about 90% of the [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":45415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[3,7],"tags":[],"class_list":["post-45414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"_links":{"self":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/45414"}],"collection":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/comments?post=45414"}],"version-history":[{"count":0,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/45414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media\/45415"}],"wp:attachment":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media?parent=45414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/categories?post=45414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/tags?post=45414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}