Govt launches councillors’ loan facility

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The Malawi government has now officially launched the long standing issue of councillors’ loans.

Launching the loan   facility on Tuesday, the country’s minister of local government and rural development Kondwani Nankhumwa said government has been pondering on the issue since 2014.

Kondwani Nankhumwa

Nankhumwa: We saw the need for the loans.

Nankhumwa said the one million kwacha loans will be deducted in the coming 33 months and will have a ten percent interest rate.   

“Yes, we have now moved a step forward that the government has now been able to give the motor cycle loan for councillors. We have done this considering that most of the councillors are facing transportation challenges.

“So these motor cycle loan will help in their supervision of different areas in as far as their job is concerned and our expectations on the loans is that these councillors will be able to repay,” said Nankhumwa.

He added that this is an ongoing initiative saying the next councillors will also be granted the loans since government want to reduce transportation expenses for the councillors.

Malawi has 462 councillors now that also means the government is to spend MK462 million on the loans.

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6 Comments

  1. Makansala ngongole ndi ngongole chenjerani nayoni gwiritsirani nchito mwanzeru musakhale ngati azimai okongola ndalama ku Finca amayamba kugulapo zobvala,kukonzetsera kumutu kusia cholinga cheni cheni chotengera pamapeto amatutumuka zitakhala hafu nthawi yobwezera ndiyang’ono ku anthu inu andale ma MP ena pano anasauka chifukwa changongole akuchita kusowa pakhale akusowa ndiyakapalasa yomwe chifukwa chosagwiritsira bwino ngongole zimakoma kutenga komagwiritsira mwanzeru Boma mwachita bwino kukwanitsa malonjezo anu ngakhale mocheddwa

  2. apatseni ngongolezo bola pakhale dongotsolo labwino la repayment . repayment is great problem as far as past records of other loans are concerned