Women's ministry goes after loan defaulters

HARARE - Government has engaged lawyers in an effort to recover over $1 million loaned to business women across the country.

Women Affairs minister, Nyasha Chikwinya, told the Daily News that they resorted to take the legal route as debtors were defiant.

“When someone gets a loan, according to the law, they should return it. A loan...is also meant to help others once repaid,” she said.

She added that the ministry was having difficulties with women who felt that their political, social or business status did not afford anyone the right to ask them to repay a loan.

Chikwinya said because of such  behaviour, revolving funds would not work in future as there would be no money to loan out.

“Our partners will end up being sceptical of assisting us if they find out that women are not repaying loans. We have different projects that we would like to assist with, but with no money we cannot do anything,” she said.

This comes as last week, while giving oral evidence to Parliament’s gender portfolio committee, the Women Affairs ministry’s acting finance director, Tapiwa Nyamuda, revealed that women owed the Women’s Development Fund $1,3 million.

Nyamuda said the revolving fund was now in the process of being bailed out of the debt by POSB bank, however, $400 000 was yet to be paid.

The ministry is in the process of compiling a database of business women associations and collective enterprises to ease organisational and financial support for such initiatives.

Chikwinya said the database would facilitate mobilisation of resources for women-driven initiatives as well as the design of programmes that support women in business.

“Women’s enterprises, associations and collective enterprises representing the interest of women in business, need to be visible in order for the appropriate policies that affect them to be developed,” she said.

Comments (1)

thank you for your information minh tan

MInh Tan - 27 May 2018

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