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Mutharika Launches Loans Programme

Mutharika says many women and youth lack capital for businesses Mutharika says many women and youth lack capital for businesses - media courtesy of Malawi govt

President Peter Mutharika has launched the Youth and Women Loan Program with a call to politicians and civil society organizations to join him empowering the youth.

Mutharika says it is sad that some politicians use the youth for unproductive things to score their political points.

“I make this call particularly, after that few months of political violence; looting shops, frustrating people’s businesses and creating poverty for the people.

“Let us not exploit the poverty of young people and women by incite them into violence. I know politicians and civil society groups in this country have been providing the youth; paying the youth to break the shops, looting shops and kill businesses and other people including police officers. Let us not turn Malawian youth into a generation of criminals. Let us make the youth into builders of the economy.

“Say no to destroy our country. This is our country; let us stop destroying it as some politicians and some so called civil society organizations are doing. Shame on them! Shame on them!” he said.

Mutharika said many women and youth have failed to open up businesses because they have no capital.

“This country has the ability to produce various products for export in the region. We can make Malawi a producing and exporting country,” Mutharika said while citing an example of a cooking oil factory at Kamwendo in Mchinji “which is producing one of the best cooking oils in this part of Africa. It is a kind of oil you can find on the shelves of Shoprite in any country.”

The president then urged beneficiaries of the loans to pay back the loans to benefit more women and youth.

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