In my view, this facility is well suited for the I’taukei to take advantage of as the interest rate on such loans does not exceed 10% p.a. and the Government guarantees to pay 50 percent or whichever is less, of the SME loans that go bad.
4  BIS central bankers’ speeches  Our assessment is that very few I’taukei business people have accessed this Facility out of the 483 loans advanced to date. It is, therefore, important for us to take advantage of this Facility as well as the ISEFF which attracts a maximum interest rate of 5% p.a.