GOVERNMENT will sue young people in Eastern Province who have failed to repay the loans they obtained under the Youth Development Fund (YDF).
Under the 2013/2014 YDF, Government loaned over K2.3 million to 90 young entrepreneurs in Eastern Province.
In Chipata, 17 youths got loans worth K650,000 in 2012 but have failed to pay back over K331,000.
Eastern Province acting youth development co-ordinator Trywell Moonga said in Chipata yesterday that defaulting youths will be prosecuted so that the government can recover the money and lend it to other deserving applicants.
Mr Moonga said there is need for youths who access the loans to pay back on time.
The money is a revolving fund and so any delay in repaying the money deprives others of such empowerment funds.
Mr Moonga said youths submit good business proposals to access the funds, but misuse the money on other activities. He said frequent monitoring of projects will be done.
Haroon Ghumra has grown old. He reminds me of a certain news caster on ZNBC those days
Give Youths agriculture inputs, not cash to empower them to start trading in Chibuku.
From PF Euro bonds, to Minister of commerce down to youths in Chipata, no one pays back loans. What a country of thieves.
Just shut-down that PF government, we reopen it after elections in 2016.
This is free money for squandering which was given to lucky PF youths. Even if you sue them, they will not be able to pay because they have squandered the money. This method of empowerment is the most unsuccessful, and everyone knew that because experience has shown that!
this is true my dear,you are right ,i dont think anyone identified as belonging to the oppsition got any ngwee.it’s PF ‘s way of doing things.
it should read’ GOVERNMENT TO SUE PF YOUTHS
I hope The Mwanakatwes are also on the list! Shame on some of these leaders of ours.
I am surprised to hear that the youths will be sued for this. In the first place, what did Govt do to adequately prepare these young people for such businesses? Under what conditions and psychological conditions were these youths given those funds. If I was Govt. I would not do this. Instead, I would find a way of giving businesses to these youths for them to pay back, depending on their expertise.
It would be interesting to really sue the defaulting youths. Why? Because it will not only affect them, but will expose the goings-on in the business of lending out government money. Remember Lima Bank!
First sue the Minister for Commerce! then pursue the peasants you shared money with
Surely when you give money to someone without a vision or business plan do you expect them to pay back this is ab example of Lazy Lungu’s govt on a micro-scale.
Big up,let govt spokesperson kambwili and his counterpart Mwale issue a ministrial statement in parley, other good move let this be extended to other provinces,they think (youths) this money is political campaign where free money is being dished out free, let the law bounce on them,others ar even boasting not to pay any ngwee,2day u’re busy saying govt is broke when you ar a contributing factor to that,plz govt pursue this matter with urgency
Leave the youths alone bakolwe imwe, you have failed to sue the mwanakatwes who not only failed to pay but abrogated the trust by pouncing on money meant for the poor and vulnerable in society. And these are ministers, some even heading government companies like Zamtel. If you go to CEEC most of the defaulters are ministers and their concubines, prostitutes and carders. What a waste of governance and resources by these incompetent misfits bent on enriching themselves at the behest of the masses. How do you give a loan to a street kid and expect them to pay back?