Eastern province youth groups fail to pay back K331, 000 loans

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LIVE STREAMING YOUTH DAY @ FREEDOM STATUE
LIVE STREAMING YOUTH DAY @ FREEDOM STATUE
Youth and Sport Minister Chishimba Kambwili says members of the seventeen youth groups in Eastern province that have failed to pay back loans amounting to K331, 000 from the Youth Development Fund will be arrested.

Mr. Kambwili has told Qfm in an interview that similar action will be taken against any youth group in the country that fails to pay back the loans.

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He says government will use the 17 youth groups as an example in order to send a warning to other defaulting youth groups.

Mr Kambwili adds that government will put stiff measures in place to ensure that only youth groups that qualify access the funds to avoid cases of default.

He further states that he has directed officers in his ministry to compile a list of those that have not paid back the loans country wide so that necessary action can be taken against them.

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Mr. Kambwili says youths accessing funds under the youth development fund should realize that there are other youths willing and waiting to access the funds and government will not tolerate any misuse of the funds by those who access the funds.

He notes that failure to pay back is a major setback to the country’s economic growth, stating that youths who access the funds are expected to contribute to job creation, reduction in high levels of poverty as well as contributing to the economic growth of the country.

QFM NEWS

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