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..