By Nasser Kayanja
Government has started unleashing katale loans to market vendors having esterblished that the initial MYOGA initiative was misappropriated by some SACCO chairpersons.
The has been revealed by the Senioe Presidential Advisor mobl8zation Moses Byaruhanga while addressing market vendor leaders from six markets which are to be piolated with for the Katale loan initiative. The markets include, St Balikudembe, Nakasero, Kalerwe, Bugolobi Mong others.
Byaruhanga says that government was disappointed by the performance of EMYOGA initiative which was misappropriated by SACCO Chairpersons but Government could not seat and watch but introduced the Katale loan scheme to benefit market vendors at a lawest interest rate of 8% per year.
Earlier before the vendors out laid the challenges which they are going through some saying that they were sidlined from the project while others demanding for governments attention of which Moses Byaruhanga responded saying all markets will be involved but this initial is a pilot project.