to 26 groups of women and youth a 10 percent domestic revenue loan scheme
The Kwimba District Council in Tanzania has distributed 517 million shillings in loans to 26 local groups of women, youth, and people with disabilities. Officials emphasized the importance of using the funds for their intended projects and ensuring timely repayment to sustain the program.
Why it matters
Micro-financing initiatives are critical for local economic development and poverty reduction in developing regions.
MWANZA: KWIMBA District Council in Mwanza region has provided loans worth 517m/- to 26 groups of women, youth and people with disabilities through a 10 percent domestic revenue loan scheme, as part of the government's efforts to empower citizens to become economically independent.
The report is a straightforward account of a local government initiative without editorializing.
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