Namwala Village Bank, with a 99% repayment rate, has helped reduce poverty

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The Village bank program implemented by government under the Ministry of Community Development in Namwala District has helped reduce poverty levels among the vulnerable women in the District.

Speaking in an interview with ZANIS, Namwala District Community Development Officer (DCDO) Ms Evelyn Skainga said that beneficiary women have recorded success stories ranging from managing to send children to colleges, schools and increasing of returns in their businesses among other success stories of beneficiaries which have helped to reduce poverty levels in the communities.

Ms Skainga further said that last week 50 women entrepreneurs from Namwala Central ward were given the loans ranging from K 700-K1 000 for them to engage in various business ventures of their choices.
She added that Namwala central has recorded 98% paybacks of loans from soft loans obtained from the department of community development in the district.

Since its Over 125 women have benefited from women village bank program implemented by government through the Ministry of Community Development in Namwala District since the programmed was launched in the district last year in December 2014.

The village bank programme was introduced to help vulnerable but viable women invest or reinvest in already established businesses, the programme is funded by the government of Zambia and implemented through the Ministry of Community Development.

Under the programme each woman is eligible to be on this programme for 2 years which is 4 cycles , each cycle runs for a period of 25 weeks, this loan is to be paid back weekly in the duration of 25 weeks.

In the first stage of the village bank program each woman is entitled to loan ranging from K 200-K 1000 ,the women that are committed to paying back will be considered first in the second cycle and can apply for more depending on their performance..

17 COMMENTS

  1. +1
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    If you can reduce poverty levels with a mere K1000 loan, then Zambia would by now have poverty levels below 50%. But this is PF talking from dreams.

    • +4
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      I think she said that those that pay back first, they are given preference in the next cycle. Also, depending on their performance, they can apply for more. In other words, you build your credit worth as your business grows.

      It’s a common business practice everywhere in the world. Even in the US, when I came here l was allowed to apply for a credit card worth $1000 only. After building credit worth, I was eligible to apply for credit cards? with bigger credit margin.

    • vote

      Only in southern province. If it was luapula, muchinga or northern it would have collapsed along time ago kikikikikikikikikikikiki

  2. +4
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    Only southern province do such things work where there are no bemba theives and their rat eating cousin theives as a majority

    • +2
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      …shame on you, you tonga donkey!!! Your hate for Bembas is what has reduced your tribe to spectators in the game of Zambian political power. Davis Chama was right when he told you donkeys to go and multiply if you want to rule this country otherwise the political tact and intelligence of the Bemba/Eastern alliance will forever dominate you!!!!

    • +2
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      …whatever you label them, but they will forever dominate you tribal donkeys!! You call Bembas thieves as if there are no tonga criminals in Zambia???

    • +1
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      Is it intelligence or thieving? What happened during 2016 elections has nothing to do with intelligence. It has everything to do with thieving in broad daylight. Everybody knows about it. That is why the petition can’t be heard. If there was no thieving, HH would have been allowed to have the petition heard so that every Jim and Jake can see that he was just dreaming about winning.

    • +1
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      Tribalist donkeys!! That’s why from the failure tonga grandfather of yours, Nkumbula, the Bemba/Eastern alliance got the better of him. Up to today, this alliance holds on to political power in Zambia. You donkeys can’t breed enough to outnumber this healthy, gifted and dominant group who outnumber your bitter, prejudiced and hate filled group-that’s why tamwaka tekepo!! What kind of people teach their children tribal dogmas that so and so is a thief, and even the young donkeys grow up believing??? PURE EXTREMISTS/JIHADISTS AND EVIL PEOPLE!!! That is why God blessed Zambia with the Bembas/Easterners-otherwise you donkeys are capable of genocide/ethnic cleansing a la Rwanda!!!

  3. vote

    Only in southern province. If it was luapula, muchinga or northern it would have c.ollapsed along time ago ki ki ki ki

  4. +3
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    Mana from IMF you have never seen a Tonga thief? Only a Bemba thief? Seeing you can read and write what do you teach people? Stealing is a human problem not a tribal problem. We can’t progress with people like you. I lived with Tonga’s I always heard them accuse Bembas as thieves. Ati tunga natola fye. Truth you hate Bemba swag.

    • +1
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      Yes it is a human problem but bembas excell at stealing. It is first nature for you to steal.
      To you stealing is being clever.

  5. +1
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    99% loan recovery! It’s because there’s less poverty in Namwala.
    My cousins in Kasama ate all cows given by grz for restock.
    I bet all Bemba dominated area would record -10% loan recovery because it’s in their nature ukutolafye.
    Mwebantu!!!! Kwiba uku fwebanenu.

    • +1
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      It is zero recovery, then they steal the office furniture from the co-op after they steal all the money.

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