By BUUMBA CHIMBULUOVER 500 Lusaka based small scale tailors have accessed working capital and sustainable banking offered by the Financial Sector Deepening (FSD) Zambia to support them during the Covid-19 pandemic. FSD Zambia responded to the impact of Covid-19 on tailors by developing a business resilience facility innovations, says organisation’s board member, Victor Mushala.Mr Mushala explained that this provided working capital and sustainable banking to 500 Lusaka-based small scale tailors to produce 30,000 clinically certified face masks. “This is an example of how many market players can work together to make opportunities real for enterprises. There are commitments by Zambia Breweries, Lafarge and United Nations Development Programme to purchase over 40,000 masks,” he said in an interview.FSD Zambia, Mr Mushala explained, encouraged market innovation and inclusion. He said this included support and consultations on sector regulations and laws to enable market evolution. He also said new pilots and interventions that would help remove more financial […]
500 TAILORS EMPOWERED
