Thu, 15 Dec 2016 15:02:27 +0000 THE Presidential Empowerment Initiative Fund (PEIF) has expanded its services and has now offered a vehicle valued at K35 thousand to Ndola’s Broadway Taxi Drivers Association. PEIF Fund Manager Joseph Chilanda, who is also Amaaka Multi-purpose Cooperative Society chief executive officer (CEO), has disclosed that out of the K7 million disbursed loans under the initiative only 1 million has been recovered. And PIEF patron Chanda Kabwe has said the handing over of the motor vehicle has shamed critics of the presidential initiative that the Fund was not a political gimmick to hoodwink Zambians. Handing over the vehicle to Taxi drivers, Mr. Chilinda said the vehicle was part of the loan facilities under PEIF. He said it was part of the presidential initiative to empower those in the informal sector and help businessmen and women to grow their business. “The drivers had applied for empowerment and had been waiting […]
