Youth in Mwanza advised to form groups to access loans

26Feb 2020
The Guardian
Youth in Mwanza advised to form groups to access loans

THE Youth in Mwanza Region have been called upon to form groups in order to benefit from loans provided by their Councils to use them as capital for small projects instead of occupying much of their time chatting in the social networks. 

The call was given yesterday by Mwanza City Cultural Officer Julius Kambarage during the unveiling of the ‘Future is Today Festival’ and open festival for entrepreneurs’ products to be held in the city starting February 26 up to March 1 this year.

He said the loans – four percent for the women, four percent for the youth and two percent for people with disabilities will be given to groups that are already in operation.

Kambarage said it is the right time for the youth to grab the opportunity, to engage in business and self employment instead of depending on jobs from the government, hence they should use well the Future is Today festival.

The initiator and organiser of the open festival George Isaac (Boyca B+) said the aim of the exhibition is to ensure they provide more opportunities for Tanzania youth for putting for them an enabling environment for their economic development.

On their part, Emmanuel Airo, an entrepreneur and Elpidius Mpanju, the Director of Kijiji Bar & Grill who are participants in the festival have been complaining over the issue of unemployment and lack of capital thereby making many of them lose hope especially in starting up their own businesses.

They said because of this challenge some young entrepreneurs have seen the need now to start a big open festival that will provide the opportunity to the entrepreneurs to display their products hence called upon them to come up in big number to increase customers’ base.