Mr. Moses Byaruhanga met with market women at Kalerwe last Friday. He started two loan programs for vendors and motorcycle drivers on behalf of President Museveni. The market loans come through the Microfinance Support Centre with only eight percent interest each year. Lenders want no property papers or sign-up money from borrowers.
Mr. Byaruhanga said a million-shilling loan would cost just 80,000 shillings in interest for the entire year. Motorcycle drivers can pay 7.2 million shillings for a six-million-shilling bike after they finish paying. The motorcycles come with tracking devices and insurance without any money down first. He told city workers to stop taking away street sellers' goods.
He asked sellers to record videos if anyone tries to take their items. Mr. Byaruhanga plans to talk with the KCCA head about this problem. He said house owners should not pay property tax unless they rent out space. He gave five million shillings to luggage carriers and another five million to the women's vendors group.
Ms. Justine Namata thanked the President for helping everyday Ugandans improve their lives. She said his support helps women better care for their families.
Mr. Byaruhanga said a million-shilling loan would cost just 80,000 shillings in interest for the entire year. Motorcycle drivers can pay 7.2 million shillings for a six-million-shilling bike after they finish paying. The motorcycles come with tracking devices and insurance without any money down first. He told city workers to stop taking away street sellers' goods.
He asked sellers to record videos if anyone tries to take their items. Mr. Byaruhanga plans to talk with the KCCA head about this problem. He said house owners should not pay property tax unless they rent out space. He gave five million shillings to luggage carriers and another five million to the women's vendors group.
Ms. Justine Namata thanked the President for helping everyday Ugandans improve their lives. She said his support helps women better care for their families.
