Scovia Kyabatuku, the Bank’s Financial Literacy Trainer, explains that in addition to offering collateral-free loans and a low interest rate of no more than 15 percent, the program also tackles other structural barriers to the growth of women in business.
The Central bank is worried for the financial sector and the economy as a whole, because the relief measures were temporary and soon, the borrowers will bear the cost of repaying the loans.
Tumubweine also says the government will have to increase its borrowing from the domestic market because of the big budget financing gap left by the local revenue mobilization and the external sources.
