Citizen Entrepreneurial Development Agency struggles to recover loans

source: Mmegi

MOGOMOTSI MOLOI
CORRESPONDENT

After almost seven years of operation, the Citizen Entrepreneurial Development Agency (CEDA) continues to struggle in collecting loans from its clients.

CEDA is a government financial institution supporting viable and sustainable citizen businesses through loans at subsidised interest. The organisation’s research and public relations manager Oabile Regoeng said that they have a problem of low loan repayment and high operational costs. Part of the problem is poor performance by some of the businesses, due to competition in the small local market.

“As you might be aware, most of the businesses funded by CEDA fall within the Small Medium Micro Enterprises (SMME) category and they still lack the ability and know-how to competitively access the [continue reading]



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