A total of 1,016 enterprises have been granted K37.55 billion from the Coronavirus Fund between 9 April and 2 June, according to a committee to remedy the economic impacts caused by the pandemic, state media reported.

The priority sectors for the Fund of K100 billion are CMP garment business, hotels and tourism service and small and medium enterprises (SMEs). The committee has been granting the loan to businesses stricken by the pandemic from the Fund, with K50 billion allocated from the country’s revolving fund and another K50 billion from the social security fund.

Regarding Coronavirus Fund, 85 businesspersons were granted K5.696 billion in the first batch, while 113 enterprises were selected for K4.495 billion in the second batch, 111 enterprises in the third batch for K3.5466 billion, 417 in the fourth batch for K15.079 billion and 290 in the fifth batch for K8.7335 billion.