By OLIVER SAMBOKOSOME ministers have allegedly taken advantage and are unduly benefitting from cheap government loan schemes under the Public Service Micro-Finance-Company (PSMFC) set up to help highly indebted civil servants to obtain low interest financing. According to impeccable sources at the Ministry of Finance, on Thursday, a named minister obtained a K1.5 million loan from the micro finance firm meant for lowly paid civil service workers. The source also explained that other senior officials have also applied for cheap interest loans, a development which will disadvantage the supposed real beneficiaries, the civil servants in low salary bracket. Meanwhile, Zambia Republican Party (ZRP) leader Wright Musoma has challenged those senior officials who applied for loans from the PSMFC, to search their souls and do the right thing. He said ministers are the least expected to benefit from a scheme for lowly paid civil servants. Mr Musoma said it’s not fair for a group of individuals […]
Cabinet minister benefits from cheap loan scheme for poor civil servants
