Blantyre — Joyce Banda Foundation International (JBFI) through Youth Movement for Development (YOMODE) has earmarked about 500,000 motor bicycles to be distributed to Kabaza Association of Malawi.
JBFI Country Director Wyson Sumaili told the Malawi News Agency (Mana) in an interview on Thursday that about 262 motor bikes have already been handed over to the association's members since the start of the programme in April this year.
"This programme aims at simplifying lives of youths who are running Kabaza businesses in the country so that they can progress economically and this is why JBFI saw the need to sponsor this initiative.
"So far we have distributed 262 motor bikes in various districts including, Ntcheu, Zomba and Blantyre out of the planned target of 500,000 to members of the association. Currently some of the beneficiaries have already started yielding positive results," said Sumaili.
The country Director further said the distribution exercise targets everyone despite holding different political background and that it will continue after the forthcoming elections.
"This initiative is not politically driven as some people are speculating. Anyone interested to boost his or her Kabaza business can apply for a motor cycle either through JBFI offices in Blantyre or Kabaza association available in their respective areas," he said.
According to Sumaili, each motor bike worth, MK 795,000 and that the Kabaza vendors will be expected to get the bike at a loan of MK 300,000 to be paid in two years.
"We are expecting Kabaza beneficiaries to be paying MK12, 500 per month until they finish for a period of two years," he said.
One of the beneficiaries of the motor cycle, a Chirimba resident Lusayo Masano who plies her Kabaza business in Mwanza said the programme has economically transformed her day to day life including her family.
"I am now living a happy life because I am getting more profits through my Kabaza business which was not the case before. Thanks to JBFI for sponsoring the programme," she hailed.