Mutharika launches K13bn loans for youth, women: Says leaving nobody behind in Malawi’s economic progress
President Peter Mutharika on Wednesday said youth and women empowerment is the key to social-economic development of the country and wants to empower them to be drivers of change with the launch of K13 billion loans by government finance company, Malawi Enterprises Development Fund Limited (Medf).
Speaking at launch of the loan scheme at Mount Soche in Blantyre on Wednesday, Mutharika said the country can only achieve its goals and vision through women and youth empowerment.
“We can only achieve our vision if we empower youth and women to be drivers of change. No country can develop without youth and women participating in the economy,” said the Malawi leader.
He said loans are for “every youth, every woman, everywhere.”
Stressed Mutharika: “ These loans are for all Malawians in every distric.”
He added: “Under this program, we want more women and youth to participate in the economy so that we achieve community development, minimize wealth inequalities and improve lives in Malawi.”
The President also acknowledged that most of the youths and women in the country are hard workers but they lack capital to set and expand their business hence the need to give them loans.
“Most youth and women are very hard-working people. What we need is to give them capital for them to grow their businesses and create new wealth. These are hard-working Malawians supporting our lives every day.
“There are many young people and women who graduate from community technical colleges in order to establish new businesses and industries. They have skills. But they need financing,” said President Mutharika
President Mutharika called upon other political leaders in the country to emulate the gesture of empowering youth and women rather than using them as agents of violence.
“Let me call upon political leaders in this country to join me in empowering youth and women to improve their lives. Let us rebuild lives of the people. I make this call particularly after the last few months of political violence, looting shops, frustrating people’s businesses and creating poverty for the people.
“Let us not exploit the poverty of young people and women by inciting them to violence. I know politicians and civil society groups who have been paying the youth to break shops, loot shops and kill businesses for other people.
“Let us not turn Malawian youth into a generation of criminals. I want the youth of this country to be a decent people who are responsible and self-dependent,” appealed President Mutharika
Women and Youth Loans Programme by the Malawi Enterprise Development Fund (MEDEF) aims at empowering the youth and women by providing them with loans to start small scale business.
MEDF chairperson, Patrick Chilambe underscored the need for beneficiaries to pay back their loans in order to rotate the facilities to other beneficiaries.
“Without repayments and without these loans performing, MEDF will have nowhere to go in terms of getting enough resources to extend credit to a wider community,” he said.
Chilambe said that in order to ensure loan repayment, MEDF has put emphasis on changing the culture of beneficiaries.
“That’s why for every loan that is extended to the group, efforts are taken to inculcate a saving culture to the group.
“It also includes some training on basic financial literacy so that they are able to maintain records of account and book keeping records,” the Chairperson said.
Under the youth and women enterprise loans, the youth can access Maziko meant for start-ups and Katswiri for those who are already in business but needs a boost.
For women who wants to start-up businesses, there is Chiyambi while those already in business but needs a boost can access Titchukume.
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Joinani DPP cadet youth league. Kumeneko ndrama ndi mpwechepweche.
SAD INDEED AS IT’S TOO LATE
Well done!
Bad thinking, I wonder what wrong did Malawian men do, 8 billion for youth and ladies, but not men does this mean that men are well to do? Nthawi zina kumaganiza ngati kuti munapita ku school.
Inu ndinu anzeru Koma mulibe NDI business yomwe. Ndiye nzeru zanuno zilipati?
Nkhalamba yopusanso ndi yimeneyi.
sukulu bwanji than kuwaphuzitsa zoluka ma basket. kwaanamiza anthu
Mukupereka MEDF loans koma at the same time mukuitanisa Israel IT Expert kuzabera chisankho koma Sulemani wakuphwasulani uja akhala alichete!!!!! Zimene ife tatolera ndizakuti anthu inu mwaba kwambiri mwaononga dziko ili nde kumangidwa nkosayamba May uno. Nkhanga zaona ndithu.
Uli NDI umboni. Kumeneko ndiye kuganiza kwa anthu olephera. Anthu olephera nthawi zonse amapeza excuse. What if the so called IT gurus came to beef up cyber security at state house? Do you want the state house to be making everything public? Ng’ona thinking.
Mwachedwa nazo, too little too late
Give the money to the DPP and UDF youths, Ngati umphawi wawo macadet anu ungathe ndiye Kut umphawi wamalawi utha kuthanso. Kwinaku macadet asiye violenceAnthu akuba inu.
dpp nzeru zatha tsopano, mpaka kuonetsa brother albino ngati kuti si boma lake lomwe likuwapha….zikugwetsa misozi bwanji.
Ambuye imvani kulira kwa ana anu- sikuti tikukulamulani ayi.
What a stupid idea. £13,775,074.18 in today’s rate, which is £0.74 per person in Malawi, considering a population of 18,628747. Bakili was the same, ma bisinsii ma bisinisi, in the end everyone has to sell macheso and chingambwe. Why not copy UTM manifesto, please, chakudya, 3 times a day, mega farms, mankhwala kuchipatala.
Achimwene anu anafa chifukwa chosowa insulin. Anyway, amalawi kalandileni ndalamazo koma osawavotera makapewa.
Copying something that’s not physical,school yanu siinakupindulirenitu boss Mutharika akupereka Zithu not malonjezo and can you really eat malonjezo ndi school yanuyo Boss.
Please stop being stupid.
Uli busy aise.
Ine sukulu mosakaika inandipindulila. Ndili ndi nyumba ku USA, yogula opanda cashgate or MEDF.
A Ntata nanunso ndinu chindere sure. Nyumba Ku US NDI chaninso? Ndinu oyamba kukhala ndinyumba kunja? Tikamati munthu wapindula ndiye Kuti wachoka pa level yokhala NDI nyumba Ku US wafika pamlingo opindulira dziko. Monga Bushiri akuthandiza dziko. Inu ndikatimu kampira komwe kakumudzi kwanu simungathandize Koma mukunyadira nsasa Ku USA. Ubulutu wa munthu ophunziratu uwu. Anthu amene Ali kanthu saima pachulu NDI umphawi wa mmaganizo umenewo. Shame
Kkk. Chilima has a psychiatric condition aka grandiose delusions. Look it up. Ul see the exact mannerism
Nanunso a Ntata chakudyacho chizakhala chaulere? Munthu Kuti akhale ndichakudya amafunika kugwira ntchito molimbika. Chakudya katatu ngati muzizalandiritsa chaulere. Mukuwona ngati kuyendetsa dziko NDI Airtel ndizofanana eti.
Ma loan scheme for the youth angati launched before and how many receive? Zopusa, too late.
tisankhe kaye plesdent zinazi
i i ij i iji i izidzabwerabe. mwatani inu?
how many launches done and none feasible??
tipeze ndlama zoyendesela zisankho kaye apa.musawabwatike anthu ndi 2 mita citenge na t shirt. zathera pompa izi
RERUN ARROUND THE CORNER IS THE CAUSE OF AL THESE ABRUPT ACTIONS
THIS IS FIRE BRIGADE FIRE FIGHTING
POLITICS OF APPEASEMENT AND CASH GATE I SELL A RAT HEERE
THIS IS DAY LIGHT VOTE BUYING
THIS WILL END UP BEING A CASH GATE I PROPHESY. STOP THIS NOW
You also do the same koma K13Billion mukayipata kwani muona nyenkhwe simunati
Dear Mr Lame Duck President, The whole world knows you are just politicking in order to try and bribe people to vote for you in the forthcoming election, it seems your party is very good at bribing attempts and not leadership. I can assure you, even if you gave everyone MK1 Million for their family in the current political climate they will not vote for you. You have raped and lied to them for too long, they are tired. They would pocket the money, but they won’t vote for you. Your days are numbered and this attempt to loot account number 1 in order to benefit DPP cadets will not stand. We already saw what your cadets did to MSB Bank, you all took Billions in loans, refused to pay back and when the Bank couldn’t operate anymore you as planned gave it to Mpinganjira for the price of MK1. Your days in court are coming, mark my words.
Kodi inuyo ngati mulinazo ndalamazo osawachita anthu Bribe bwanji than taking a year of writing your letter if you’ve posted here bustard.
Mr Cadet, I presume? Start counting the days.
Bribery is not effective in uplifting livelihoods. They will squander the money and be required to pay it back. But then, the goal is not uplifting livelihoods, but winning the election rerun.
The Japanese or Chinese say, do not give him fish, but teach him how to fish. That will be independent. All the time this is happening while there are no chairs or desks in Lilongwe schools.
Why not spend the money on teaching them skills?
A PATILEKI inuso ndi achisilu mwalemba zopanda Nzeru….dimwit
Mbuli iwedi patrick et?
Abambo ndimisonkho yathu imeneyi osati personal money sindife mbuli kwambiri mkalasi tinalowa ndithu, osatipusitsa apa