‘CEEC loan recovery rate stands at 77 p.c’
Published On August 13, 2024 » 341 Views» By Times Reporter » Business, Stories
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. Mukata

By KETRA KALUNGA –
THE Citizens Economic Empowerment Commission (CEEC) says its loan recovery rate currently stands at 77 per cent for the first and second quarter of 2024.
CEEC public relations and communication manager, Michelo Mukata says the commission targets to recover 90 per cent of the loans by the end of the year.
Mr Michelo said in an interview that compliance levels among recipients of the loan facility had been low.
He attributed this to the misconception among recipients that the money they received was a grant that should not be paid back despite having signed loan agreements to pay back.
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