A REVOLVING fund targeting informal traders in Gutu Central Constituency aimed at transforming livelihoods and boosting small businesses was unveiled on Monday.
The fund, unveiled by Gutu Central lawmaker, Winston Chitando and structured on a borrow-and-repay model at low interest rates, was disbursed to scores of beneficiaries at the Rural District Council offices in Gutu on Monday.
One of the beneficiaries, Grace Hamadziripi, said the initiative was helping ordinary citizens to start and expand income-generating projects, thereby improving household incomes.
“This support changes lives. I will now be able to boost my business and take better care of my family,” she said.
Another vendor, Admire Muchinepayi, said the revolving fund would help to ease the financial burden on many informal traders who previously relied on costly borrowing from moneylenders.
“This fund has come at the right time. The terms are affordable and we believe it will help us to grow our businesses without worrying about falling into debt traps,” he said.
Zanu PF district women affairs representative, Babra Mugabe, said the facility would particularly uplift women, who are central to family and community welfare.
“This initiative will enable more women to venture into small projects like poultry, gardening and vending. When women are empowered, the entire household and community benefit,” she said.
- Revolving fund for Gutu Central vendors launched
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Ward 34 councillor Proud Chifamba said the fund ignited renewed hope among residents.
“People are now motivated to work harder because they have access to capital. Some have already started poultry projects while others are expanding tuckshops,” he said.
Ward 37 Councillor Getmore Chipika praised President Emmerson Mnangagwa for appointing leaders who prioritise grassroots empowerment.
“This programme is evidence that government development policies are reaching people in rural areas like Gutu," he said.
