Malawi Broadcasting Corporation
Africa Business Local News

NEEF DONATES BOREHOLES AS KASUNGU LEADS IN LOAN REPAYMENT

The National Economic Empowerment Fund (NEEF) has demonstrated gratitude to Kasungu South East Constituency by donating four boreholes.

This serves as an expression of appreciation for the community’s diligent repayment of loans received from the fund.

Parliamentarian for the area, Khumbize Kandodo Chiponda, lauded NEEF for its generosity and encouraged residents in her ward to make good use of the loans from the organisation to improve their livelihoods.

Sub Traditional Authority Chambwe and Senior Chief Njombwa urged all those taking NEEF loans to consistently repay their loans, emphasising doing so would create opportunities for others to benefit from similar initiatives.

NEEF Chairperson, Jephthah Mtema, shared the organisation’s commitment to minimising delays in loan disbursement, acknowledging the high demand for the loans.

On a national scale, NEEF reports an overall loan repayment rate of 73 percent, with Kasungu District boasting an impressive 87 percent repayment rate while Kasungu South East leads with an outstanding 95 percent repayment rate.

Since February 2021, NEEF has disbursed approximately K87 billion.

Reported by Mayeso Chikhadzula

Print Friendly, PDF & Email

Related posts

K1 billion funding for local NGOs — NGORA

MBC Online

A budget of hope and optimism

Justin Mkweu

Youths urged to lead climate change fight

MBC Online
error: All Content is protected. Copyright © 2022. Malawi Broadcasting Corporation. All Right Reserved.