By ALISON ANIS
KUNDIAWA-Gembogl MP and Constitutional Law and Reform Commission chairman Joe Mek Teine has presented K1.5 million to the Nationwide Microbank and Asian Development Bank (ADB) to help repair roads and promote businesses.
Mr Teine presented a cheque for K1 million to Works secretary Joel Luma who is working closely with ADB on road development projects in the country on Friday.
The money is to support ADB to finance the building and maintain of roads in his constituency.
He also pointed out that ADB had already provided K30 million to upgrade a section of the Kundiawa-Gembogl road.
Another cheque for K400,000 was presented to Nationwide Microbank Limited (NML) chairman Ray Clark.
“The money is to top up the K100,000 already given to establish a partnership between the bank and the people of Kundiawa-Gembogl district, to provide funds for small business enterprises as an alternative income opportunity for the communities.
“The funds should encourage and get villagers into the mode of doing business instead of waiting or depending on handouts from the
Government,” Mr Ray said.
He called on the people to write good proposals and utilise the Microbank banking facility in Kundiawa and follow the processes and understand the conditions set by the bank on project loans.
“Lending of loans for small business project in rural areas has been successful in many instances but we have encountered many problems in the past with the recovery process.
“Many clients couldn’t pay their debts and this has affected our services,” he said.
Mr Clark called on the MP to support by putting in place some kind of guarantee to help them in recovering the money from the people after releasing loans.