National Patron of the Presidential Empowerment Initiative Fund for Marketeers and Vendors Chanda Kabwe says the fund is a vehicle for uplifting the living standards of millions of poor marketeers and vendors in the country.
Mr Kabwe said successive governments have for a long time over looked marketeers and vendors when they are the people sustaining millions of lives in the country.
He explained that the fund is aimed at boosting businesses in Zambian markets as well as on the streets.
He said in the last three months three thousand (3,000) marketeers and vendors on the Copperbelt and Kasama have so far benefited from the interest free loans issued through the disbursement of a two million kwacha (K2,000,000) adding that 20,000 marketeers and vendors in Eastern, Luapula, Muchinga and Northen Provinces are expected to receive these interest free loans in the next three months.
Meanwhile Mr Kabwe says some unscrupulous people claiming to represent the PF corrected money from marketeers in Mansa for loan forms when there are no payments required as President Lungu has already paid for fees.
He said the people who were doing so were crooks and that the law enforcement agencies are on alert to arrest anyone found wanting.
He assured the nation that the loans are meant to empower the marketeers and vendors and that they are not political.
This is contained in a statement issued to the media by Mr Kabwe who is also Kitwe District Commissioner.