Q FM Africa's Modern Radio
The Citizens Economic Empowerment Commission (CEEC) says its loan recovery has seen an improvement.
CEEC Director General Likando Mukumbuta says as at the close of 2015, the loan repayment was running at 51 % compared to 21.2% in 2013.
He says Commission is targeting a loan recovery rate of 65% by the end of 2016, adding that they are on course in meeting this target.
Mr. Mukumbuta states that the Commission is happy that the majority of the borrowers are now repaying their loans.
He says this shows that the beneficiaries understand that these are revolving funds and others need to benefit from them.