— Govt. urges women entrepreneurs to utilize village banking

Govt. urges women entrepreneurs to utilize  village banking

 

Kafue, December 5 th , 2014,ZANIS —– Government has advised women entrepreneurs in Kafue district  to utilize the village  banking  if  they  are to increase  their  source  of  income.

 

Lusaka province  community development officer, Patrick Phiri,  says women entrepreneurs in  Kafue district  should come forward and apply for the fund to boost their small scale businesses.

 

Mr. Phiri said the district through the Department for Community Development was allocated  K75 000 which has so far benefitted  90 women  in small scale  entrepreneurship as  loans .

 

 

ZANIS  reports that  Mr. Phiri  said this during  the disbursement  of  the  funds  to the beneficiaries  at Kasaka  sub  center in Kafue district.

 

 

The  provincial  community development officer urged  the  beneficiaries  to observe hygiene and ensure that their products  are marketable  among  other requirements.

 

 

He  noted that the project is a pilot in the district and  the beneficiaries are expected to  pay back in six months  time  as this will help increase the number of beneficiaries  in the district.

 

 

Mr. Phiri  further said  the funds  disbursed range  from K200 to K1000 and  the  beneficiaries are  repaying 20 percent weekly  to  enable  them  manage the loans.

 

He  added that the funds are given to vulnerable  women  in the district as a way of uplifting their living standards.

 

Meanwhile Kafue District Women Association  (DWA) Chair person, Monica  Mwape, has commended government for  the gesture.

 

Ms  Mwape said  will help reduce domestic violence  in homes.

 

She has since assured government through the department of community development that the funds will be utilized  for the intended purposes.