• Thu. Feb 22nd, 2024

Youth cooperatives are called on to work for their self-development and provincial development


Jun 3, 2022

BUBANZA June 3rd (ABP) – Members of youth cooperatives in Bubanza province (north-west of Burundi), who have benefited from loans from the Youth Investment Bank (BIJE), are called on to tackle the increase in production and for the repayment of the loans applied for. This was said on Tuesday, May 31, 2022 during the workshop to evaluate the implementation of the projects of those cooperatives, and which was organized by the governor of the province Bubanza, and the Managing Director of the Youth Investment Bank (BIJE).

In that workshop, the team of experts, which was set up by the provincial governor for provincial development, showed that in Bubanza province, 19 youth cooperatives have already benefited from loans from BIJE, and 12 of them operate in the farming sector.

Those cooperatives bring together 549 young people and loans granted to them are equivalent to 209 million BIF, while 227 other young people have had jobs in those cooperatives, including 51 permanent jobs.

That team of experts indicates that some cooperatives do not repay the loans as agreed, and the causes mentioned being, among others, the lack of knowledge in project management, those who have presented projects whose initiators are not able to implement them, a check by ABP revealed.

The governor of Bubanza province, Mr. Cléophas Nizigiyimana, asks the members of those cooperatives to follow the instructions of that team of experts, which has been set up for provincial development, which will allow them to increase production and repay the loans they applied for.

To the communal administrators, he recommended the ownership of the implementation of the projects of those cooperatives because, he said, the communes are shareholders of BIJE.

As for the Managing Director of the Youth Investment Bank, Sixte Niyuhire, he promises that he will spare no effort so that the active cooperatives of young people receive loans from that Bank.