Bank on K20m plan

 THE National Development Bank under its Stret Pasin business development incubation programme is to implement five programmes in 2016 at a cost of K20 million.

NDB Investment chief executive officer Des Yaninen said the five programmes were the establishment of Stret Pasin Stores, the expansion of the young enterprise scheme, expansion of the young entrepreneur start-up loans, establishment of the Urban SME incubation centres and the establishment of portable shops.

He said the first programme of the Stret Pasin store which had a funding allocation of K8 million would see the bank fully finance the establishment of rental stores where locals would be invited to apply to operate them.

Successful applicants would be trained.