Small business owners in Seychelles are having mixed reactions to a credit line facility put in place by the Central Bank to help micro, small and medium enterprises impacted by COVID-19.
Roger Morel, the owner of a shop selling garments, told SNA on Thursday that due to the fact that his business is down the loan facility has come at an opportune time to help out.
"I did not get much details on the formalities to apply for the loan and I do not know the limit of how much you can apply for, but I think it will be a good relief for businesses," said Morel.
A gift shop owner, Heather Longhurst, said she is going to apply for the loan and it is a good initiative by CBS to put it at a low-interest rate.
Longhurst agreed to this and said that this is very good as the loan should be left for small businesses as they are the ones that need more support.
