Rumphi district has topped National Economic Empowerment Fund (NEEF) loan repayment with at least 100 percent loan repayment rate in the country.
NEEF Chief Executive Officer, Humphrey Mdyetseni made the announcement during a stakeholders consultative meeting with chiefs, area development committees (ADCs) leaders and council officials at Rumphi Boma on Wednesday.
While expressing his satisfaction with loans repayment in the district, he urged people who access the loans in the district to apply for bigger amounts that can transform their communities through businesses that provide employment opportunities for others.
District Commissioner for Rumphi, Emmanuel Bulukutu who is also a beneficiary of the loans urged the youth in the district to apply for the loans and invest the money in businesses that lead to their financial independence.
“Without the participation of the youths in economic activities the country cannot develop. If the youth are economically empowered we will achieve Malawi 2063 earlier,” said Bulukutu.
One of the NEEF loans beneficiaries Victoria Kalua says she started accessing NEEF loans in 2022 which she invests in farming in tailoring and now owns a house and is also able to pay for her children’s tuition fees with one in college and two who are in secondary school.
At least K4 billion has been disbursed in Rumphi accumulatively.
By Manasse Nyirenda, Mana