Standard Bank’s BizFlex digital loan facility has disbursed R3 billion to small, medium and micro enterprises in the past three years.
It explains that BizFlex was built using intelligence gathered from face-to-face client interviews, an extensive online banking survey and direct business banker feedback. “Gone are the days when crippling fixed monthly loan repayments were expected from us even when our income was inconsistent or unpredictable,” says Standard Bank.
“This is especially true in tough times when it is crucial for businesses to have the capital to take advantage of opportunity.”
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