K153M disbursed for Marketeer Booster Loan

Acting Minister of Small and Medium Enterprises has disclosed that the Citizens Economic Empowerment Commission (CEEC) disbursed over K153 million to 74, 392 beneficiaries of the Marketeer Booster Loan in 2022 and 2023.

Speaking in Parliament during the question for oral answer session, Douglas Syakalima says this is out of the 102, 750 applications received, amounting to over K513 million.

Mr. Syakalima reveals that in 2022, the Commission received 56, 730 applications worth K33 million, while K93, 656, 664 was disbursed.

He adds that in 2023, CEEEC handled 46, 020 applications worth K230 million, out of which K40, 808 was disbursed.

Mr. Syakalima further says the Commission will soon re-launch this loan product and will expect participation of markeeters in rural areas.

Mr. Syakalima was responding to Dundumwezi Member of Parliament, Edgar Sing’ombe who wanted to know how many marketeers applied for booster loans under the Marketeer Booster Loan programme countrywide in 2022 and 2023, year by year and how many benefited from his constituency.