Africa-Press – Zambia. It’s not always that solutions will lie in other countries who were in a similar situation and have changed it or are changing it. Sometimes better solutions lie in our communities right here at home. That is why before the government can look elsewhere, they need to take surveys within local communities to try and find out if there are working solutions being implemented on a small scale.
It’s human nature to always strive to find solutions to our problems. We live in a country where interest rates from banks are high for most SMEs to cope with. This creates a barrier for people having SMEs to access the much needed capital to enable them to graduate from one level to another. With so many requirements, restrictions and paper work, banks are perceived to be nightmares for most informal businesses and service providers, more especially people with little or no education.
This however hasn’t stopped people affected by this situation from looking for solutions to their problems. In my normal routines of trying to find practical solutions to problems which communities are facing, I found out that one of the most successful programs offering loan schemes and savings is the Silk Program. This program is well known in communities and more prevalent among women doing business. It has improved a lot businesses of participants and testimonies are everywhere. If this program was to be adopted and implemented at a national scale, it would change a lot of people’s lives and would stand to be the best tool to fight poverty in our communities for the informal sector.
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