Insights from the local MP of Kanchibiya, Sunday Chanda, reveal that the Constituency Development Fund (CDF) loans are making a significant impact in the community. Chanda believes that these loans are providing a much-needed boost to the lives of ordinary citizens and small businesses, ultimately leading to a positive change in the area.
During the recent distribution of CDF loans totaling K2.2 million to 44 cooperatives, clubs, and companies in the district, Mr. Chanda praised the program for its positive contributions to the community in Muchinga Province.
One of the key successes highlighted was the financial literacy training provided by ZANACO to loan recipients, which was met with great satisfaction. The CDF is making a difference in the community by empowering individuals with the knowledge and resources to improve their financial well-being.
According to Chief Kabinga of the Bisa people, beneficiaries of the fund are being urged to repay their loans within the agreed time frame so that others can also benefit from the program. This highlights the impact that CDF is having on the community, providing much-needed financial support to those who need it most.
The Community Development Fund (CDF) is having a positive impact on Kanchibiya, according to the local MP. One of the ways in which CDF is making a difference is through its flexible and affordable loans, which have a fixed interest rate of just five percent. Kanchibiya Town Council Chairperson, Chota Kanyanyamina, has praised the CDF for its contribution to the community.
