President Paul Kagame has urged Ministry of Gender and Family Planning and Central Bank to help Women and Youth to access loans.
Kagame tasked Minister Aloysia Inyumba to implement the available program that paves way to help women and youth access loans.
He said that “The important thing is the implementation of this program at the right time”.
Minister Inyumba said that they’re in discussions with Central Bank to get a proper way to help them access loans through Business Development Fund(BDF).
Amb. Claver Gatete the Governor of Central Bank said that they’re processing all required channels to have it achieved in the near future.
He added that there is a problem where Women and Youth don’t equally access loans on the same percentage.
“Before we had faced many challenges to differentiate the way women and youth should access loans because women are in different categories and we hope to get a solution sooner,” said Gatete.
On other hand youth who didn’t have the security to access loans, Minister of Commerce and Industry, Francois Kanimba said that however his ministry started a program seeking 50 young entrepreneurs in a competition to be recommended for BDF.
Kanimba added that there’s a way they can make a big number of entrepreneurs in the ongoing program called Hanga Umurimo hence creating jobs.
In these days youth especially young graduates cry lack of security to access loans in Rwandan banks to start their own businesses in time of failing to get jobs.
ENDS
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