[Source: Business Daily, by Edwin Mutai]
Hotels ravaged by the coronavirus crisis will access cheap loans at interest rate of between five to seven percent under a Sh10 billion State-backed credit scheme.
Tourism Cabinet Secretary Najib Balala announced Wednesday that the scheme will offer affordable credit to hotels and firms operating in the tourism sector, especially small and medium enterprises (SMEs).
The loans will run for 10 years, lowering the monthly obligations, and borrowers will start repaying the debt after…
