What is the interest of CEDA loans in Botswana?

CEDA (Citizen Entrepreneurial Development Agency) loans in Botswana are designed to support the growth and development of local businesses, particularly those owned by citizens. The interest rates on these loans are typically lower than commercial bank rates, making them more accessible for entrepreneurs. Additionally, CEDA aims to stimulate economic diversification and job creation by providing financial support to small and medium-sized enterprises (SMEs) in various sectors. This initiative ultimately seeks to empower citizens and enhance their participation in the economy.