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Namayingo PDM beneficiaries Receive money
Upon receiving the message, Lucy Nyongesa beamed. The message was a notification for having received Sh300,000.
"I applied for a loan of sh300,000 and luckily enough I got it. I am going to use it to start piggery project," Nyongesa said. She's one of the first beneficiaries of Parish Revolving Fund in the district.
Nyongesa says that she's passionate about piggery farming and she will productively use the resources to enable others benefit.
On Tuesday, the district launched the issuance of Parish Revolving Fund to subsistence households under pillar III of the Parish Development Model at Syanyonja primary school grounds in Syanyonja parish in Buyinja sub county.
During the launch, four beneficiaries received money instantly.
Edith Namayega, the Chief Administrative Officer, said that although all categories of Ugandans will realize the benefit of Parish Development Model strategy of service delivery, the parish revolving fund component targets the 39% subsistence households.
"Through the parish revolving fund, the subsistence households will be able to access user-friendly loans which they will invest in high value enterprises that will boost their incomes and welfare," Namayega said.
She said so far, sh2.7b has been remitted to the SACCO accounts since last financial year. She added that the money is for use by the subsistence households in the 50 SACCOs.
Namayega urged the technical team and stakeholders to continue guiding subsistence households to get involved in profitable high value enterprises.
The district chairperson, Ronald Sanya urged the beneficiaries to avoid misusing funds.
Hon. Margret Makoha Okunga, the woman Member of Parliament for Namayingo district who represented the 3rd deputy prime minister Rukia Isanga Nakadama urged community to embrace the the parish development Model.
Hon. Abdul Adidwa, the Member of Parliament for Bukooli South, commended President Museveni for coming up with the the strategy aimed at transforming subsistence into money economy.
He urged the beneficiaries to put into use the meagre resources received to improve on their livelihood through engaging in profitable enterprises.
The Resident district commissioner, Trevor Solomon Baleke urged all subsistence households to take part in the PDM.
Catherine Nabuma, from Syanyonja A piggery SACCO who received sh1m, thanked the government for the fund.
"For long, I had tried to get a loan from financial institutions but failed due to the long list of requirements and high interest rates. I am today happy to have benefited from government," Nabuma said.
The function was attended by the Members of Parliament, representatives of financial institutions, Resident district commissioner, security team, technical officers, local leaders and stakeholders.
Tuesday, May 16, 2023