Based on feedback received, we will issue a revised SFS which will be shorter, more focussed, written in plain English, but which will still achieve its primary purpose of gathering the necessary financial information from a borrower in order to assess their individual case. The revised SFS will become effective from 1 January 2022.
At the Bank we continue to encourage the financial services providers such as the commercial banks and microfinance institutions, not to just look at the extension of credit as a means of expanding economic opportunities. We would like them to seriously consider viable partnerships, synergies and developing innovative products and services.