Willowton and Al Baraka launch new relief fund for SMEs
Applicants for interest-free loands from the R100m fund, which figure is likely to grow, must be Sharia-compliant
08 April 2020 - 19:14
In another initiative aimed at helping small and medium enterprises (SMEs) survive the economic effects of the Covid-19 lockdown, the Willowton Group, with Al Baraka Bank, has announced the launch of a R100m fund to provide relief to ailing small businesses.
The launch comes at a time when small businesses are desperate to access lifelines to keep them afloat, which has seen other initiatives, such as those established by the Rupert and Oppenheimer families, swamped by thousands of applications for relief funding. ..
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