More Housing, Education Grants and Micro Credit for Southside Poverty Alleviation Print E-mail
( 0 Votes )
Written by Administrator   
Friday, 02 November 2018 00:00

The constituencies of Lake Independence, Collet, Port Loyola, Mesopotamia, Queen Square, Albert and the southern portion of Pickstock will all be beneficiaries of the third tranche of the Southside Poverty Alleviation Project.

Under the project, financed by the OPEC Fund for Development, these constituencies will see finances being put into housing and education.

Prime Minister Barrow announced on Monday that, “Our economy is improved and the soundest it has been in quite a few years. We of course wish to extend this bull run. And there are all sorts of ways in which we will do this, maintaining expansion and inclusion, implementing new initiatives for growth, but always preserving and strengthening the social safety net. In other words, we will remain focused on ameliorating the struggles of that segment of our population that is marginalized. And in that context, I wish to make two announcements.  First is the fact that the Southside Poverty Alleviation Project Phase 3 has been green-lighted, and monies are in hand for immediate commencement.

There is 400 thousand for home construction for each of the qualifying Southside Constituencies. And there is an additional 300 thousand for each for education and social assistance. I repeat that the program is ready now, constituencies are already submitting their lists of beneficiaries and physical work starts imminently.”

Additionally the government will finance and implement a 10 million-dollar micro-credit program. According to the PM, the finance will be directed to startup artisans, tradespersons, entrepreneurs; at the very small farmers; and at the micro players in the tourism industry. He explained that the program is modeled from others that have been successful in the Commonwealth and Latin America, especially Columbia.

Finances are expected to begin to be distributed by January 1, 2019.

Last Updated on Friday, 02 November 2018 10:40