(3 Minutes Read)
The Zambian government has allocated K100,000 for the disbursement of soft loans under the Village Bank Social Protection Programme. The soft loans are intended to support women engaged in viable businesses. The loans will range from K500 to K2,500 per individual beneficiary
The Zambian government has allocated K100,000 for the disbursement of soft loans under the Village Bank Social Protection Programme. The soft loans are intended to support women engaged in viable businesses. The loans will range from K500 to K2,500 per individual beneficiary.
The selection process for beneficiaries has already commenced, to improve the socio-economic welfare of citizens in the district. The scheme envisages timely repayment of the loans by beneficiaries to ensure the sustainability of the program and enable more individuals to benefit from similar initiatives in the future. Beneficiaries who repay their loans within the specified timeframe will be eligible for subsequent loans, further enhancing their economic prospects and self-reliance.
Read Also:
https://trendsnafrica.com/zambia-declares-drought-as-a-national-disaster/
https://trendsnafrica.com/cobalt-refinery-in-zambia-to-extract-lithium/
Through the Ministry of Community Development and Social Services, efforts will be intensified to assist those in need, aligning with the broader objective of poverty alleviation and social empowerment.
