Business people storm northern region NEEF offices over unpaid loans

Northern region National Economic Empowerment Fund (NEEF) was the centre of attraction on Wednesday as a group of business people who applied for the loans stormed the offices to express their displeasure over delays to give them money.
They chanted songs as they demanded their deposit money back.

Whyton Kapasule
They said they are asking for their money back because it is taking long for the firm to give them the loans.
They claimed NEEF officials had called for a meeting, which took place on Tuesday, only to tell them that the firm does not have money for the loans.
One of the business people Kissa Thindwa told reporters that NEEF officials told the business people to transfer to a World Bank Project, which they said is another long process and not for small businesses.
“We are demanding our savings back with interests, because they [Neef] have benefitted from the money,” said Thindwa.
NEEF public relations officer Whyton Kapasule could not comment on the issue saying he was yet to gather more information.
He said: “Currently the regional officer for the north is in Likoma for other duties and we are trying to establish what happened for things to reach this far. ”

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