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Interest-free loan program improving the lifestyle of beneficiaries

Beneficiaries of interest-free loan in Massawa city said that the program has enabled them to lead a better lifestyle.
Massawa, 14 January 2011 – Beneficiaries of interest-free loan in Massawa city said that the program has enabled them to lead a better lifestyle.

They stated that the loan encouraged them to engage in various ventures at individual and group level, which in turn enabled them witness noticeable improvement in their living standard. They have also managed to pay back the loan within the set timetable. The beneficiaries further expressed satisfaction with such an opportunity that gives ample time to pay back.

The head of social security in the Ministry of Labor and Human Welfare branch in Northern Red Sea region, Mr. Russom Hizbai, explained that the interest-free loan is aimed at enabling needy nationals become self-supporting and improve their living condition, and that a number of beneficiaries have made good use of the opportunity thus provided.

Reports indicated that interest-free loan amounting to 15 million Nakfa has been extended to a total of 515 nationals in the Northern Red Sea region which has already been paid back on time.

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