KITWE TRADERS IN K100,000 WINDFALL

Share this article

By NATION REPORTER

TRADERS at Chipata and Chikwepe markets in Kitwe have received a short in the arm after Kwacha Member of Parliament (MP) Joe Malanji gave them K100,000 as revolving fund.

The money is meant to boost their businesses and address other problems they may encounter.

Mr Malanji has since urged marketeers to grow the fund for future sustenance, instead of borrowing money from some exploitative money lenders.

The MP who is also Foreign Affairs Minister, was speaking at the weekend when he toured Chipata and Kampwena markets in Riverside ward.

“If you put this Revolving Fund to good use, it will grow and benefit many of you. For example, if you borrow K500, you should pay back K600 within a week. I am sure you can afford that.

“If there is discipline and commitment within yourselves, you will be able to grow this money and you will see benefits. You will even stop making suicidal decisions of borrowing money from exploitative money lending institutions,” Mr Malanji said.

He was impressed with traders at Ipusukilo market who had continued to raise the K100,000 revolving fund while beneficiaries had since increased from the initial 200 to 2,000 marketeers.

Mr Malanji said there was discipline and commitment among marketeers at Ipusukilo market after he provided the K100, 000 revolving fund.

Leave a Reply

Your email address will not be published. Required fields are marked *