Africa-Press – Lesotho. The national committee of the Khathang Tema Abokersina organization has allocated M1000 activists per capita to fund the development of their businesses. This money is distributed with the help of the Post Bank (Lesotho Post Bank).
In an interview with the Voice of the Nation, the Member for Development, Growth and Training of the Khathang Tima Bishops’ Association, Ms Mamolise Lawrence explained that the event took place on Sunday in Mokhotlong district in line with the organisation’s development program.
as one of the great pillars of the organization. He pointed out that under this program there are organizational plans designed to respond to some of the events that are happening or occurring within the organization.
”With this plan, the organization has an agreement with the Postal Bank which is here where M1000.00 is levied on lenders who are members of the organization directly to improve and promote their businesses.
According to the terms of the plan, the expectation was that the applicants would have paid for it after three months and would return without interest. This is for the benefit of others, ”said Lawrence. He went on to explain that the process went awry last year.
He pointed out that Mokhotlong district is the fourth so far to receive this portion of loans where the districts that have already fingerprinted include Maseru, Quthing and Leribe.
Meanwhile, Mokhotlong District Deputy Deputy Speaker, who is also responsible for corporate affairs, loans and savings on the national committee, Mr Ratjoetjoe Matšumunyane expressed his happiness overflowing with this is what happened to them as traitors as this is the first time this has happened to them.
He said they were overjoyed because since the onset of Covid-19, traffickers had been severely degraded in their businesses and this would have encouraged them to return to the field. He pointed out that they had applied to other banks for a raise but were stuck in a rut. He said only the Post Bank heard their cry.
“Only the members of the association have been allocated this money by completing the commitment forms that they will return this money because we have realized that we can successfully have control over them so that such money can be returned,” Matšumunyane said.
Asked how many members in the district were on top of the total number of beneficiaries, Matshumunyane said they were leading to 300. He concluded by indicating that the members who were in arrears would now be eligible for monthly loans.
of August when the first phase has completed the withdrawal of funds, and then they continue to follow according to their stages until it has been granted to them.
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