Kibaha Council Disburses 991.5m/- Loans to Special Groups

💰 Ekonomi 📰 Tanzania 🕐 3 saat önce

KIBAHA: KIBAHA Municipal Council in Coast Region has disbursed 991.5m/- in interest-free loans to 51 groups comprising women, youth and persons with disabilities during the third quarter of the 2025/26 financial year, in a move aimed at expanding economic opportunities, supporting business growth and reducing poverty. Of the total amount, 359m/- was allocated to 17 women’s groups, 557m/- to 25 youth groups and 75m/- to nine groups of persons with disabilities. Speaking during

Kibaha Municipal Council has disbursed 991.5 million shillings in interest-free loans to 51 groups, including women, youth, and persons with disabilities, during the third quarter of the 2025/26 financial year. These loans aim to foster economic opportunities, support business growth, and alleviate poverty. The funds were allocated with 359 million shillings to 17 women's groups, 557 million shillings to 25 youth groups, and 75 million shillings to nine groups of persons with disabilities. Kibaha Urban MP Silvestry Koka highlighted the loans' importance for economic empowerment, especially for those facing capital access challenges. The council has disbursed a total of 2.1 billion shillings to 457 special groups throughout the financial year, demonstrating the government's commitment to citizen economic empowerment.

The disbursement of these interest-free loans is a crucial measure for economic empowerment, directly supporting vulnerable populations and contributing to poverty reduction within the Kibaha municipality.

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