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Kisarawe shuns buyers who use land as bank collateral
2008-03-03 09:00:28
By Amri Lugungulo, PST, Kisarawe
Some of Marumbo Village residents in Kisarawe District, Coast Region, are no longer giving farming plots to people from outside the area as they simply use them as collateral for bank loans and ultimately dump them in the short run.
The residents said this during the visit by the Coast Regional Commissioner, Dr Christine Ishengoma, in the district where she inspected the ongoing construction process of a modern Form Six high school and a secondary school in the village, all of them privately owned.
Talking on condition of anonymity, the residents said they now only reserved consideration for people who showed interest in investing in education and health projects in the area.
``Most of such people approach us asking for farming plots, but they have not all been honest as they simply use the land as collaterals to access bank loans and after which they leave the plots undeveloped,`` one of them said.
The residents highly lauded the investor who own Overland High School, saying he had been frank in his quest and that his project was immensely welcome in the area as its results would be tangible for the entire community in the area.
The project was freely allotted 50 hectares in the village and on completion it would be the first school with modern buildings in the district, they said.
Meanwhile, Dr Ishengoma commended the project and called upon other investors to follow suit and plough their money in education.
``Completion of the construction process of this school will provide the best ever picturesque in this district in respect of the obtaining schools, and hence I welcome other investors to found universities here,`` she implored.
At the same time, the project`s Construction Manager, Allison Silla thanked the village and district authorities for providing them with land, saying he expected the school to start operations this year with 120 students after completion of the first phase.
The whole project would be completed in five years time, he said.
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