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Commercial banks reject charcoal dealers' loan applications
"Charcoal dealers are being shunned by financial institutions to encourage them to adapt to climate change," Bob Alinda, a financial expert, says.
The event was attended by financial induct regulators, bankers, heads of Savings and Credit Co-operative Organisations (SACCOs) as well as other microfinance institutions that target specific communities. (Courtesy Photo)
By: NewVision Reporter, Journalists @NewVision
Some banks and other players in the financial industry say they have started rejecting loan applications from charcoal dealers.
The move is expected to address deforestation and climate