By Elizabeth PUNSU, Kumasi
In a bold move to support the growth of Micro and Small Medium Enterprises (MSMEs), Amenfiman Rural Bank has formally announced a groundbreaking GH₵500 million in collateral-free loans.
The bank aims to extend this support to approximately 25,000 MSMEs especially small and micro businesses.
The initiative, known as the AMERB MSME Donkomi Promotion, aims to alleviate financial barriers for small business owners, particularly targeting those who lack traditional collateral as it has a low interest rate of 2.5 percent per month.
The announcement was made by Amenfiman Rural Bank’s Chief Executive Officer (CEO), Dr. Alexander Asmah, at the launch of AMERB MSME Donkomi
Source:B&FT/wassamaninsider.com
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