Women Entrepreneurs Hit by Loan Rate Shock | Mauritius News

Mauritius News Today | 2 Min News | The Daily News Now! · Sep 16, 2026 · 2m

A major controversy is unfolding as women entrepreneurs who applied for the government-backed loan scheme under the old zero-point-five-percent interest rate are now being slapped with a new, steep four-point-seven-five-percent rate — even though they submitted their applications before the policy change. The Development Bank of Mauritius claims the updated terms apply because internal processing only began after the changes were announced, leaving applicants furious and questioning whether the rules should be based on application date or approval date. Businesswomen are demanding clarity…