{"id":17763,"date":"2022-12-07T12:44:41","date_gmt":"2022-12-07T12:44:41","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=17763"},"modified":"2022-12-07T12:44:41","modified_gmt":"2022-12-07T12:44:41","slug":"e335-000-loans-distributed-to-bend-and-pick-vendors-so-far","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/e335-000-loans-distributed-to-bend-and-pick-vendors-so-far","title":{"rendered":"E335 000 LOANS DISTRIBUTED TO \u2018BEND AND PICK\u2019 VENDORS SO FAR"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>A total ofE335 000 worth of loans have already been distributed to 67 \u2018Bend and Pick\u2019 vendors affected by fire at the Manzini storage facility, which occurred two months ago.<\/b><\/p>\n

Over 400 ‘Bend and Pick’ vendors lost their stock at the facility, which is adjacent to the Manzini bus rank.<\/p>\n

Director of Micro, Small and Medium Enterprises (MSMEs) in the ministry of commerce industry and trade Mluleki Dlamini said they received 101 applications for loans and they had only approved 67 of those applications.<\/p>\n

\u201cSo far 67 applications that have been approved and have seen us give E335 000 worth of loans. We are now left with 34 unapproved applications,\u201d he said.<\/p>\n

Dlamini mentioned that with the remaining 34 applications, they were still working on approving them and they would start responding in two weeks. He further encouraged any other vendor affected by the fire and had not yet sent in their application to do so in order to receive assistance.<\/p>\n

\u201cWe are hoping that all those who were affected have submitted their applications. However, we ask that those who haven\u2019t submitted them to do so as quickly as possible so that they can be assisted. Applications are still open as long as your business was affected by the fire,\u201d he said.<\/p>\n

Dlamini had previously emphasised that in the case of the different nationalities of the business, they would stick to the criteria of the fund.<\/p>\n

\u201cThe criteria explains who gets help through it, it will act as guide for us as we administer these funds and we would be looking at their statuses in terms of nationality to see if they meet the relevant requirements and conditions of the fund,\u201d Dlamini stated.<\/p>\n

According to the Minister of Commerce Industry and Trade Manqoba Khumalo when making the announcement, he had mentioned that the loans would be up to E5 000 under the Informal Traders Revolving Fund administered by FINCORP on behalf of government.<\/p>\n

Khumalo stated that the loans would be repayable over a 12-month period at an interest rate of 0.5 per cent.<\/p>\n

It was previously stated that the Royal Eswatini Police Service (REPS) reported that the fire destroyed property worth an estimated E8 million.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. A total ofE335 000 worth of loans have already been distributed to 67 \u2018Bend and Pick\u2019 vendors affected by fire at the Manzini storage facility, which occurred two months ago. Over 400 ‘Bend and Pick’ vendors lost their stock at the facility, which is adjacent to the Manzini bus rank. Director of […]<\/p>\n","protected":false},"author":84,"featured_media":17762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,248,249],"class_list":["post-17763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nE335 000 LOANS DISTRIBUTED TO \u2018BEND AND PICK\u2019 VENDORS SO FAR - Eswatini<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/e335-000-loans-distributed-to-bend-and-pick-vendors-so-far\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E335 000 LOANS DISTRIBUTED TO \u2018BEND AND PICK\u2019 VENDORS SO FAR\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Eswatini. A total ofE335 000 worth of loans have already been distributed to 67 \u2018Bend and Pick\u2019 vendors affected by fire at the Manzini storage facility, which occurred two months ago. Over 400 ‘Bend and Pick’ vendors lost their stock at the facility, which is adjacent to the Manzini bus rank. 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