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About 12,000 businesses have benefited from Nkosuo Fund – NBSSI

The National Board for Small Scale Industries (NBSSI) has so far disbursed funds to about 12,000 businesses under the Nkosuo Fund.

According to its Executive Director, Kosi Yankey-Ayeh, the Board hopes to finish its disbursements by January 31, 2021.

The Nkosuo programme, which is a GHS90 million injection into the sector, was launched in September this year by the NBSSI to strengthen small businesses against the adverse effect of the coronavirus.

The programme has a one-year moratorium and a two-year repayment period and focuses on supporting MSMEs and start-ups in sectors such as agriculture and manufacturing.

In an interaction with the media on the sidelines of the launch of a Business Support Organization directory for women entrepreneurs, Kosi Yankey-Ayeh pledged to keep supporting small businesses in the coming year.

“A lot of people thought that after elections we will stop but we have been giving out funding. It is still ongoing. We will continue to give out funding. We are trying as much as possible to make sure whatever resources we have are given to the beneficiaries under the Nkosuo fund.”

In addition, she said her outfit has “also started working with the bigger financial institutions to be able to give the bigger funding as well”.

Source:Citinewsroom

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