The National Economic Empowerment Fund (NEEF) has expressed delight with an improvement in loan repayment rates in the country.
The development comes after NEEF expressed concerns earlier this year about male loan beneficiaries defaulting on repayments.
Speaking to MIJ Online Dan Chakhaza, Public Relations Officer for NEEF, showed excitement with the loan repayment rate especially among men which has now increased to 64%.
Chakhaza has since attributed the improved repayment rate to the deployment of loan recoverage officers who engage with clients to ensure timely repayments.
According to Chakhaza, the officers play a crucial role in assuring sustainability of the fund by working closely with beneficiaries to facilitate repayments.
