Mohale FM Lesotho National Development Corporation (LNDC) General Manager for Development Finance, Marina Bizabani, has encouraged local enterprises seeking funding to confidently request the Partial Credit Guarantee (PCG) service from banks to improve their chances of securing loans.
Ms Bizabani explained that the PCG service, alongside Supply Chain Financing and Quasi-Equity Funding, is one of the top three financial instruments established by the LNDC to support local businesses, particularly start-ups, at early stages of growth.
She made the remarks on Monday during a Demo Day hosted by the Competitiveness and Financial Inclusion Project (CAFI), where 15 local enterprises presented their business proposals to potential investors in a bid to secure financial support.
Ms Bizabani further assured local entrepreneurs that they are entitled to the same incentives offered to foreign investors entering the country. She emphasized that the funding instruments in place are designed to remove barriers that continue to hinder the growth of emerging businesses.
