Audio By Carbonatix
About forty small-scale entrepreneurs have been sensitised on Component Three of the Urban Poverty Reduction Programme (UPRP III) at a meeting in Apam, one of the 12 selected towns to benefit from the programme.
The UPRP III involves interventions to enable small-scale entrepreneurs (SSE) to develop to medium level.
The SSEs under the programme being managed by the Social Investment Fund (SIF) for 600 such entrepreneurs nationwide would be assisted to offer employment to others.
According to Nana Henz Osei Karikari, Project Officer of SIF, 32 million 500 cedis or 3, 250 Ghana Cedis would be given to each small-scale entrepreneur belonging to a trade group, which would provide collateral for the assistance repayable within 18 to 36 months.
At least 40 per cent of the beneficiaries should be women, the Project Officer stated and said unlike previous SIF loan schemes where billions of cedis could not be recovered, the UPRP facility would build on the capacity of the beneficiaries to ensure that the loans were properly utilised to guarantee repayment.
He said that a series of workshops would be organised before the disbursement of the funds to the applicants who would be made to bear 10 per cent of the cost of training to make them more committed.
Ms Joyce Mildred Aidoo, Gomoa District Chief Executive, appealed to Ghanaians to exercise patience to enable the government to implement its socio-economic interventions to improve the lives of the people.
She advised applicants of the UPRP loans to abide by the terms of the programme to maximise their earnings.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Muzic Mensah selected for Boomplay’s inaugural ‘NEXT WAVE’ Programme
3 hours -
Prime Insight to tackle legal vacation controversy and $1million AKSA bribery case
3 hours -
Ghanaian evacuee from South Africa dies on arrival in Accra
3 hours -
POS Foundation raises alarm over student cohabitation, sexual harassment on university campuses
4 hours -
Nandom NPP primary heats up as four candidates enter 2028 race
5 hours -
Mangione admits killing healthcare CEO and pleads guilty to federal charges
5 hours -
The Invite to The Odyssey: 12 of the best films of 2026 so far
5 hours -
Ayra Starr on her secret relationship and teasing Stevie Wonder
5 hours -
NPP Ashanti holds vigil in support of Wontumi as lawyers appeal conviction
5 hours -
TCDA targets higher crop yields as farmers receive inputs
5 hours -
Kofi Amoako Attah inducted into 11th Corporate Ghana Hall of Fame
6 hours -
Newsfile to discuss AKSA energy deal, legal vacation and GoldBod losses
6 hours -
Gushegu MCE says slain Yiidana was targeted as police investigate killing of chief and son
6 hours -
President Mahama reiterates commitment to link regional capitals with good roads
6 hours -
Ex-Cambridge professor at centre of plagiarism row found dead
6 hours