Chama Town Council has successfully recovered K 1 ,593 ,899.89 from individuals, companies, groups and cooperatives that benefited from the Constituency Development Fund (CDF) loans between 2022 and 2024 from Chama North and Chama South constituencies.
This is contained in a statement issued to Zambia News and Information Services, by the Local Authority’s Public Relations Officer, Michael Chisanga in Chama District.
Mr Chisanga said this notable achievement follows a comprehensive sensitisation and monitoring program conducted recently by Chama Town Council officers, where the beneficiaries were educated on the importance of paying back the loans.
The Local Authority’s Public Relations Officer, stated that the CDF is a revolving fund, meaning that repaid loans will be re-allocated to support other beneficiaries.
Mr Chisanga has, however, advised the beneficiaries to request a change in their business ventures by submitting a formal request to the council should they encounter difficulties in generating profits from their initial proposals.
