Agriculture, Food Security and Cooperatives
minister Christopher Chiza (C in suit) shakes hands with one of the
beneficiaries of motorbike loans issued by Ilulu Saccos in Lindi Region
recently.
This was revealed recently by the union’s chairman, Ahmadi
Namwanadilanga, at a hand over ceremony which was graced by the Minister
of Agriculture, Food and Cooperatives, Christopher Chiza.
“Honourable Minister, I am proud to inform you that our saccos has
provided loans totalling 4.45bn/- since its inception in 2006.
The loans were extended to facilitate agricultural and business ventures,” he said.
He added that already 3.9bn/- has been paid back while the remainder is paid in monthly installments.
The chairman boasted of increased number of members in the group
from 124 in 2006 to current 550 and an initial capital of 6.2ml/- that
leaped to 318ml/-
He cited other achievements of the union as increased savings from
62ml/- to 399ml/- and extension of profits worth 15ml/- to members from
2012 to date.
During the ceremony, 30 members received business loans worth 153ml/- plus motorbikes worth 20ml/-
However, the chairman called on the minister to ensure that
government funds allocated for the youth and women are passed through
credit unions and not through councils, so as to avoid difficulty in
accessing the loans.
For his part, Christopher Chiza assured the Ilulu union members
that he would resolve the matter with the help of fellow government
officials.
He also commended the union for the outstanding eight year performance.
SOURCE:
THE GUARDIAN
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