The Zambia National Marketeers Association (ZANAMACA) has disagreed with those suggesting that the money Government released to the Citizen Economic Empowerment Commission (CEEC), to empower marketeers in the country, is too little.
ZANAMACA president Kameya Mupila has contended that his Association is comfortable with the released funds as the money is a revolving fund and empowering marketeers has to start from somewhere.
Mr. Mupila notes that this is notwithstanding that there are about six (6) million identified marketeers in over 30 thousand markets across Zambia’s ten (10) provinces; Central, Copperbelt, Eastern Luapula, Lusaka, Muchinga, Northern, North-Western Southern and Western.
Mupila has acknowledged that the said CEEC money does NOT have to be used to empower all marketeers in the Zambia at one go.
Mupila has disclosed that given that the money is, nevertheless, being managed by the CEEC, the ZANAMACA is only playing the role of identifying marketeers that eligible to access the revolving fund and able to pay back.
Mupila says the ZANAMACA is thus identifying five (5) marketeers in each of the select first markets.
The ZANAMACA president has also ruled out the possibility of any of marketeers, that access the CEEC money, of defaulting paying back the said loans.
He explains that this is because, if one (1) of the five (5) marketeers defaults, the remaining four (4) will have to pay for the funds, which range K500 to K5, 000.