Over 400 People Benefits from the CDF Loans in Chiradzulu
About 450 people from the areas of Group Village, Headman Namulu, and Traditional Authority Kadewere in Chiradzulu are expected to venture into various small-scale businesses after being provided with the start-up capital.
The initiative which is under the Constituency Development Fund(CDF) has seen about 18 groups from the area sharing amongst themselves about K10 million start-up capital.
Senior Assistant Community Development Officer for Chiradzulu, Anderson Seleman has told Zodiak Online that the initiative has targeted youths and women among others.
Group Village Headman Namulu says the initiative will enable people in his area to venture into small business especially now that most of them did not harvest this farming season due to the effects of cyclone Freddy.
Sandlasi Thom of Malemusi youth club says the money they have received will help them to scale up their bee-keeping farming.
"Currently, we can realize between 60 to 120 thousand kwacha every six months. We are however optimistic that once we scale up our bee-keeping farming, we will be able to realize more profits”, said Thom.
The new CDF guidelines mandate members of parliament to dedicate K10 Million to the Constituency Development Fund(CDF) for the initiative.
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