ALTERNATIVE FUNDING FOR SMEs

ALTERNATIVE FUNDING FOR SMEs

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Business analysts say non-performing loans in the banking industry are on the increase, with more small and medium enterprises defaulting due to the high lending rates.

According to Francis Kamulegeya, a Senior Partner at PricewaterhouseCoopers, businesses cannot cope with the tough economic challenges thus failing to pay back and forcing banks write off the loans.

They now advise business owners to find alternative financing, such as Private Equity Venture Capital.

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