Small and Medium Enterprises have lamented how they have not benefited from the reduced lending rates by the Reserve Bank of Malawi.

The Chamber for Small and Medium Enterprises has noted that since the policy rate review in January, access to finance remained very minimal for SMEs.

RBM’s resolve has therefore not benefited the SMEs, who are in dire need of access to finance. As commercial banks also lowered their lending rates following RBM’s resolve, it was announced that not everyone would be able to borrow.