Medf disburses 15% of K25 billion CDF loans
Only 15 percent of the K25 billion released for youth and women loans under the Constituency Development Fund has actually been paid out, and less than five months remain in the financial year. The numbers come from the Malawi Enterprise Development Fund, known as Medf, which administers the loans. The loans run through the economic empowerment window of the reformed K5 billion Constituency Development Fund. At the current pace, the great majority of the released money has still not reached its intended borrowers.
Only 15 percent of the K25 billion released for CDF youth and women loans has been disbursed, with less than five months before the financial year ends, data show. Data from the Malawi Enterprise Development Fund (Medf), which administers the loans under the economic empowerment window of the reformed K5 billion Constituency Development Fund (CDF), … The post Medf disburses 15% of K25 billion CDF loans appeared first on Nation Online .