Thursday, 24 September 2026Lusaka, Zambia
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Policy

Policy Brief: The Cost of Credit in Zambia Remains a Drag on SMEs

High borrowing costs continue to weigh on small business growth, even as headline inflation moderates.

Policy Brief: The Cost of Credit in Zambia Remains a Drag on SMEs

A persistent constraint

Risk premiums, limited collateral, and thin credit histories continue to push effective borrowing rates well above what most SMEs can comfortably service.



What to watch

Blended finance instruments could lower the effective cost of credit for SMEs.

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