Business

2,800 benefit from NATSAVE microfin

KALONDE NYATI, Lusaka
THE National Savings and Credit Bank (NATSAVE) has given out K7 million to over 2,700 entrepreneurs to support small- and medium-scale enterprises under its microfinance programme.
A total of 2,796 entrepreneurs have accessed the loan facility this year in various parts of the country.
NATSAVE managing director Cephas Chabu said the facility, which was launched in 2009 as a pilot project in Luanshya and Petauke, has since been rolled out to 26 branches, with plans to expand to all its branches across the country.
Mr Chabu said in an interview that apart from accessing loans, entrepreneurs, who are mainly in groups, are equipped with skills in running their businesses effectively.
He also said repayment of loans has been good since the launch of the programme and this has resulted in more entrepreneurs accessing loans.
Mr Chabu said the loans have contributed to the growth of businesses with many entrepreneurs graduating from running small businesses to medium-scale businesses.
“The facility has created an impact on the lives of the entrepreneurs and on many because the businesses have grown, thereby creating more jobs for other people,” he said.
He has since pledged the bank’s commitment to providing more funds to entrepreneurs in the country.

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