There is reportedly limited response to the Youth Livelihood Capital Venture Fund programme in Hoima district. Youths, whom Community Green radio has spoken to say the project has many requirements to meet and yet there is scanty information, which limits their access the Funds.
“We have no clear information about the Youth Livelihood funds neither do we know who to approach as youths and where to get the funds from”, Isaiah Kyamanywa laments.
The Hoima District Youth Livelihood program Coordinator Isaac Bitamale admits that the funds are lying idle in the treasury. He however says the reason why funds are lying idle is because the youths have developed bad and negative attitude towards the initiative since the venture considers only youths who have already started working yet the majority have no physical business.
“The challenge encountered after good records of loan recovery so far is that the youth livelihood program considers those who have started working and owning physical businesses that accessed the loans already but the few legible are above the age bracket 18-30 years”, explained Mr. Bitamale.
The Five year development Programme is aimed at helping youths between the age of 18 and 30 years working in groups of 10 to 15 members.
Hassan Balisimaki the Chairperson for youths at Sebagoro landing site affirms that his group accessed the loans in 2016 and injected it in a piggery project but were failed by personal interests within the group members and yielded little profit.
Hoima district was ranked second in the whole country having a good record of paying back Youth livelihood program revolving funds received and mapped at 86% where Shs.152.8million out of the Shs.178.6 million was paid back during FY 2016/2017 out of Shs.12.5 million released per group.
The five year Government rolling Youth Livelihood program stands at a budget of Shs.265 Billion targeting the poor and unemployed youths to harness their socio-economic potential hence increase self-employment opportunities and income levels through the revolving funds for skills development and income generating project
Story compiled by Dorcus Drijaru