{"id":37510,"date":"2016-12-15T09:41:08","date_gmt":"2016-12-15T07:41:08","guid":{"rendered":"http:\/\/www.times.mw\/?p=37510"},"modified":"2016-12-15T09:41:09","modified_gmt":"2016-12-15T07:41:09","slug":"oibm-supports-sme-growth","status":"publish","type":"post","link":"https:\/\/archive.times.mw\/index.php\/2016\/12\/15\/oibm-supports-sme-growth\/","title":{"rendered":"OIBM supports SME growth"},"content":{"rendered":"<p><a href=\"http:\/\/www.times.mw\/wp-content\/uploads\/2016\/12\/Chifwayi-Chirambo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-37513\" src=\"http:\/\/www.times.mw\/wp-content\/uploads\/2016\/12\/Chifwayi-Chirambo-300x226.jpg\" alt=\"\" width=\"300\" height=\"226\" srcset=\"https:\/\/archive.times.mw\/wp-content\/uploads\/2016\/12\/Chifwayi-Chirambo-300x226.jpg 300w, https:\/\/archive.times.mw\/wp-content\/uploads\/2016\/12\/Chifwayi-Chirambo-45x35.jpg 45w, https:\/\/archive.times.mw\/wp-content\/uploads\/2016\/12\/Chifwayi-Chirambo.jpg 431w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Opportunity Bank Malawi (OIBM) say small and medium enterprises (SMEs) play an important role as they support the growth and development of a country\u2019s economy.<\/p>\n<p>The bank has launched new products to support SME growth in the country.<\/p>\n<p>OIBM SME Consultant, Ben Muchina, said the bank launched the products because they realise that SMEs don\u2019t have the right security to access loans from financial service providers.<\/p>\n<p>\u201cThat is why OIBM came in with this product which was finalised in November to assist SMEs access loans with minimum surety.<\/p>\n<p>\u201cIf the SME\u2019s would want to access loans in order to buy equipment that would uplift their businesses, OIBM will be using the same equipment as surety. We would also be offering overdrafts for their swift operations,\u201d Muchina said.<\/p>\n<p>Muchina said OIBM is happy to work with SMEs because they play a significant role in the creation of employment and help in the development of the economy.<\/p>\n<p>\u201cFor them to achieve that, they need the support of the financial service providers,\u201d he said.<\/p>\n<p>In his presentation, Principal Registrar General, Chifwayi Chirambo, said it was important that SMEs should get legally registered for them to access loans from banks.<\/p>\n<p>\u201cThere are over a million SMEs in existence, but the Registrar General\u2019s Department only has a record of 195,000,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opportunity Bank Malawi (OIBM) say small and medium enterprises (SMEs) play an important role as they support the growth and development of a country\u2019s economy. The bank has launched new products to support SME growth in the country. OIBM SME Consultant, Ben Muchina, said the bank launched the products because they realise that SMEs don\u2019t [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-37510","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/37510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=37510"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/37510\/revisions"}],"predecessor-version":[{"id":37515,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/37510\/revisions\/37515"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=37510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=37510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=37510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}