Dora Siliya urges businesses affected by COVID-19 to take advantage of business loans by Bank of Zambia

1. Get yourself in debt and fix a short term problem by creating an even longer term one. A lesson from the true professionals in taking loans.

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2. The cost at whole those loans will be obtained will greatly disadvantage small businesses hence this facility is only suitable for big businesses. Already small businesses are grappling with the rising costs as can be seen during this time span what good will it be for them to add more interest costs with the uncertainty of the impact covid-19 will have once it has run its course. What businesses fear is the uncertainty they can borrow some money now but if things don’t improve in the economy they may be required to borrow more later, likewise they may borrow now more that what is really required by them and end up paying more unnecessary interests. It’s a puzzle for many businesses, it’s more like a crocodile asking a person to come and get the fish in its mouth. Govt wants to get…

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3. Contd. Govt wants to get something back on this investment as well but the price they are putting their investment is quite high for small and medium businesses, why not pay those local contractors and suppliers they owe and this may open up the economy a bit otherwise I fear that money will stay in the bank and contribute further to the rising costs.

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4. With interest rates skyrocketing to over 14%,this is very laughable. Only the pf criminals will be able to take these loans. They have found another way to steal

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5. It is not easy to understand these loans for those affected like in the tourism industry. How will this loan help them bring the tourists back unless you’re advocating for change of business – perhaps venture into agriculture which you know nothing much.

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6. Only beneficiaries will be PF cadres ,ministers phantom companies this government is all about the ruling class.Its an attempt to do something good but go very systems have broken down.

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7. I hasten to ask:of what use is it obtaining a bank loan when business is closed?

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8. Excellent development and advice by my learned friend. Don’t say we didn’t tell you so. You are being asked to take advantage of funds. Only the lazy ones will complain and the jealous ones from diaspora who cannot take advantage of this benefit

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9. Dora Siliya a template for Zambian women from the east.
   Madam, you have all the qualities to become the first FEMALE Zambian president so go for it. I urge you to stand next year and challenge ECL.

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10. @Rowdy I I agree with you. Right now there is no need of holding when there is something we can do to turn things around. When someone holds they keep what must be moving stuck so the only way to keep the flow is release what is being held. What BOZ needed to do is reduce the interest rate thereby making loans affordable because the economy of Zambia though being dominated by the mines is not doing enough to empower the small and medium people involved in agriculture and other small to medium entrepreneurial undertakings. When the interest rates reduces it will spark more borrowing from diverse sectors of the economy, there will be an influx of money in the economy and govt will reap income on a broader base than the few that can manage from the current interest rates. How will this…

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11. atlast some good news on the economic front , let’s hope this won’t turn out to be a conduit for PF cader looting of tax payers money.

    First in the line must be those businesses that pay tax and employ Zambians

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12. How will this initiative help more businesses borrow at the same rate when they have been failing to do so despite banks having money to lend. What sence is there in releasing more funds at the same interest rates. More like piling more soil to an anthill. If BOZ released 10 billion let commercial reduce lending rates.

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13. Mmmmmm……so there’s money available for loans in this country yet some institutions are still owed huge amounts??

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14. Spaka ,RIGHT ON POINT. NOT EVERYONE WILL HAVE ACCESS TO THOSE FUNDS. THEY ARE A KICK BACK FOR THE CADRES BENE RED LIP, KZ,LUSAMBO.AND IT IS PRAYER ANSWERED CZ PEOPLE HAVE COME TO DISLIKE PF CZ OF CHEAP, CHAPS LIKE KZ WHO ARE INFLUENCING ECL TO BE IN A WRONG BOAT. MUKALILA SANA

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15. She doesn’t know a loan is a double sword it must be paid back at cost. These are not enough measures government can urge businesses. Is the government guaranteeing those loans? What about tax relief to the affected businesses!? Dora and her team must take a broader picture of how they can assist the businesses. This is where this PF government fails miserably. You are closing successful business like prime TV who are contributing to your wallet. Time to account shall one day come.

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16. They should not offer loans but grants.Just give businesses incentives. One other way is stop
    Payment of All taxes to ZRA until
    Corvid19 is over.All property rates
    Slashed till Corvid19 over.No water
    Bills.

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    • Wauze + no zesco bills, how can people pay all these when source of income has been closed and instead of receiving grants they want you to receive extra problem called loan. how can u repay the loan in the economy that will need hard work to repair?

17. This should be done after the closed businesses have given permission to reopen otherwise it will not work. What will closed businesses do with the money? they will just end up in debt

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18. Mr Kaizer Zulu you and madam Dora have missed it on this one. Dishing out loans to struggling companies is not the ultimate solutions? The reasons why most companies in our country are struggling is because consumption of goods and services by consumers has gone down. Boost consumption first then everything else can follow suite. Learn from how the USA government planned to tackle the economic effects of Covid-19 pandemic. Their senate approved a $2 plus trillion stimulus fund to be distributed as follows; Direct payments to most adults: $1,200 billion and child: $500 billion. Back loans for big companies, industries; $500.00. Small businesses: $367 billion. State and local governments: $150 billion. Healthcare providers and hospitals: $130 billion. How will companies make money to pay…

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19. Jelous Down….Dora is beautiful. !!

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20. True indeed….she is beautiful …Never new ati ku Petauke kwaliba abanakashi abasuma so!!! We thank GOD.

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21. I don’t understand why we zambians promote unhealthy obese looks. What is attractive about some one who is morbidly obese? My partner Callum has never understood Zambia men fascination with fat. Dora needs to lead by example and hit the gym. More running of legs than running her big mouth.

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22. You guys are giving praise where its not due. Cant u see that this lady is just playing a fools game here- which 10Billion can BOZ give? from which account cos all their accounts are in minus right now. And even if that money was there,it wont reach you. It ll hang in the PF pockets & stay stuck there. This is jst a smoke screen. And mere “Talk to impress”.

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23. @Tarino… fimo kusumina fye. Give praise and compliments when they are due. Zambia is blessed with beautiful and intelligent women and we must be proud as Zambian men to be associated with such beauty and intellect.

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24. It is a good idea but what interest rate? We pray you GRZ to reduce the Interest rates otherwise it will not make any change. The Interest rates are just too high in Zambia.

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25. Its not a beauty contest. Let her
    Try in a beauty contest.

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26. I like banks. As soon as the economy downturns they offer loans for interest rates to make some money and to hopefully repossess all assets from the client when they default. All good banks work on debt slaves.

    This is good though soon banks won’t have enough money to pay out and (hope not), crash.

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27. Kaizar Zulu you got all the numbers wrong….its $1200 not billion per individual….and $500 per child….and am getting mine probably today……let me know of you want some for internet bundles

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28. This is what happens when you have people who have created businesses like Dora through corruption…they have zero clue how business is run!!

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29. I seriously think Dora Siliya would be Edgar Lungu’s best running mate candidate, she is sexy, hot, intelligent and would be a fresh face as a future President. She just needs to stop kamusango ka ba Ben 10.

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30. KZ…. There is a difference between stolen tax payers money and a loan . A loan sucks every drop of your blood and hard work .On the other hand stolen taxpayers cash doesn’t . Every lender makes a loan look attractive before you put pen to payer .After that all hell break loose .Non of that happens with stolen tax payers cash until there is a change of government in Zambia .

31. I challenge the opposition especially upnd to point to a woman in their party who is as beautiful as mama dora. I am waiting

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32. KZ…. There is a difference between stolen tax payers money and a loan . A loan sucks every drop of your blood and hard work .On the other hand stolen taxpayers cash doesn’t . Every lender makes a loan look attractive before you put pen to paper .After that all hell break loose .Non of that happens with stolen tax payers cash until there is a change of government in Zambia .Zambia under the Pf is not borrowing to create jobs .

33. You big headed Kaizer fool. Dont insult women in public like that. I will slap *****.

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34. I respect ladies as I do my mother. I detest all men who view women as objects.

35. BA KAIZA ZULU ITS NOT ALL ABOUT POLITICS YAMA

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