People move about in Wuhan, Hubei province, as travel restrictions are lifted in the original epicentre of the global coronavirus outbreak, on Wednesday. Photo: Reuters
People move about in Wuhan, Hubei province, as travel restrictions are lifted in the original epicentre of the global coronavirus outbreak, on Wednesday. Photo: Reuters

Cheaper loans, delayed payments: online lenders do their bit to help SMEs in Hubei rebuild after coronavirus outbreak

  • Alibaba-backed online lender MYbank said on Wednesday it would waive first-month interest for micro merchants applying for loans in Wuhan
  • Small entrepreneurs say waiving of interest, penalties and cheaper loans gives them hope for the future.

People move about in Wuhan, Hubei province, as travel restrictions are lifted in the original epicentre of the global coronavirus outbreak, on Wednesday. Photo: Reuters
People move about in Wuhan, Hubei province, as travel restrictions are lifted in the original epicentre of the global coronavirus outbreak, on Wednesday. Photo: Reuters
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