SERENJE โ Central Province Local Government Officer (PLGO) Mr. Clint Susiku has urged the newly selected 2025 Constituency Development Fund (CDF) loan beneficiaries to strictly adhere to their repayment obligations, emphasising that the K3, 699,262.00 investment for Serenje Central must revolve to benefit more community members.
The loans, which carry a 5 percent interest rate, have been awarded to 21 companies, with the highest recipient obtaining K200, 000.00 and the lowest receiving K95, 800.00.
Speaking during the official opening of the financial literacy training, Mr. Susiku commended President Hakainde Hichilema and the New Dawn Administration for expanding economic opportunities through decentralisation.
He noted Governmentโs increase of the CDF allocation to K40 million in the 2026 national budget, describing the move as a significant step toward boosting local development, job creation and poverty reduction.
Mr. Susiku congratulated the 21 beneficiaries, saying they had demonstrated determination and entrepreneurial potential that could contribute meaningfully to the economic growth of Serenje District. He encouraged them to apply the financial literacy skills being imparted to ensure responsible business management and timely loan repayment.
In his welcoming remarks, Council Secretary Mr. Stan Mwanakayaya urged the beneficiaries to prioritise repayment, stressing the importance of accountability if the revolving fund is to support future applicants in the constituency.
Meanwhile, Serenje Central Member of Parliament Mr. George Kandafula, through his representative Mr. Mwila, encouraged the beneficiaries to work hard and remain focused on their business ventures to enable them to repay the loans as required.
