{"id":35250,"date":"2022-11-26T03:21:36","date_gmt":"2022-11-26T03:21:36","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan"},"modified":"2022-11-26T03:44:12","modified_gmt":"2022-11-26T03:44:12","slug":"president-hichilema-launches-k171-5-million-marketers-loan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan","title":{"rendered":"President Hichilema launches K171.5 million marketers\u2019 loan"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>President Hakainde Hichilema has launched the K171.5 million worth Citizens Economic Empowerment Commission (CEEC) booster loans for marketers countrywide. The loan facility enables marketers to acquire credits from between K500 and K5,000 that are payable in six months at no interest.<\/p>\n<p>Speaking during the launch at State House this afternoon, President Hichilema said the booster loans are another way of creating a revolving fund for the marketers.<\/p>\n<p>Mr Hichilema said the loans are a demonstration of government\u2019s enduring commitment to serve the Zambian people by creating tangible opportunities for economic empowerment. The President said marketers have been neglected for a long time despite being instrumental in Zambia\u2019s economy.<\/p>\n<p>\u201cWe ignored for many years those that made the trade possible between the producers, farmers and other manufacturers through the market. Through those people we were able to feed our families every single day,\u201d President Hichilema said.<\/p>\n<p>President Hichilema also called for enhanced financial literacy to enable the recipients to be well vest in financial matters. He said the loans will address the challenge of lack of financing for people in the informal sector such as the marketers.<\/p>\n<p>The Head of State has since advised the recipients of the loans not to consume the money but instead use it to grow their businesses. \u201cBut the important issue is now that this facility will allow the marketers not to extract payments such as school fees, costs such as examination fees, they can retain that money in their business as working capital and grow,\u201d Mr Hichilema said.<\/p>\n<p>Speaking at the same event, Citizens Economic Empowerment Commission (CEEC) Director General, Muwa Mungule, described the loan facility as a game changer.<\/p>\n<p>Dr Mungule thanked government for entrusting CEEC with the task of handling such a programme that will improve the lives of the marketers. And Zambia National Marketers Credit Association (ZANAMACA) President Mupila Kameya commended government for looking into the plight of marketeers.<\/p>\n<p>Meanwhile, Zambia National Marketeers Association Chairman General, Eros Malinda, said the loan facility will go a long way towards improving the lives of marketers.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. President Hakainde Hichilema has launched the K171.5 million worth Citizens Economic Empowerment Commission (CEEC) booster loans for marketers countrywide. The loan facility enables marketers to acquire credits from between K500 and K5,000 that are payable in six months at no interest. Speaking during the launch at State House this afternoon, President Hichilema [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":35249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234,235,233],"class_list":["post-35250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>President Hichilema launches K171.5 million marketers\u2019 loan - Zambia<\/title>\n<meta name=\"description\" content=\"President Hakainde Hichilema has launched the K171.5 million worth Citizens Economic Empowerment Commission (CEEC) boost ...\" \/>\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\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Hichilema launches K171.5 million marketers\u2019 loan\" \/>\n<meta property=\"og:description\" content=\"President Hakainde Hichilema has launched the K171.5 million worth Citizens Economic Empowerment Commission (CEEC) boost ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-26T03:21:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-26T03:44:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_1669420316.97.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"528\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"President Hichilema launches K171.5 million marketers\u2019 loan\",\"datePublished\":\"2022-11-26T03:21:36+00:00\",\"dateModified\":\"2022-11-26T03:44:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan\"},\"wordCount\":362,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/11\/postQueueImg_1669420316.97.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/president-hichilema-launches-k171-5-million-marketers-loan\",\"name\":\"President Hichilema launches K171.5 million marketers\u2019 loan - 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