NGOZI, May 8th (ABP) – More than 10,000 young people in Ngozi province have already benefited from the services of the PAEEJ Youth Economic Empowerment and Employment Program, according to the provincial coordinator of this program, Patric Barutwanayo, after a year of the implementation of the PAEEJ in the said province.
According to Mr. Barutwanayo, all 298 census villages were covered by the Program. For effective supervision, these young people are divided into three categories. These are young rural people, whether educated or not, but unemployed. In agreement with the territorial administration and the municipal coordinators of the PAEEJ, these young people choose agro-pastoral projects which are financed to the tune of 10,000,000 Fbu repayable without interest.
Another category is made by young people with innovative projects. These can receive funding of up to 100 million. Projects in this category are subject to competitions.
The 3rd category is that of young people with functional businesses wishing to receive investment funds but not having a mortgage that can constitute guarantees with banks and other credit institutions. This category sees easier access to bank credit which can be capped at 100 million. Unlike the first two categories, the 3rd pays interest.
Mr. Barutwanayo says he is satisfied with the step taken. However, he urges young people to approach the PAEEJ municipal coordinators for more clarification in order to set up their own projects and receive funding.