Microfinance Support Center pledges to support YARA with shillings 30 million loan fund

By Zalimon Basighalha (Goodluck)

Microfinance Support Center, a government owned institution that manages all government micro credit programs, has pledged to support Youth against Risks Association- YARA with shillings 30 million loan fund and other equipments.

YARA is a Community Based Organization founded in 2012 by the Ghetto youths in Kyarumba Town Council who are engaged in a series of economic activities ranging from stone quarrying and silting to loading and offloading of trucks, cleaning vehicles at washing bays along River Nyamughasana

In her address to the Association members, the Deputy Executive Director for Microfinance Support Center, Petronilla Hellen Masika, pledged that within a period of month, the government body would give out the money and also support the procurement of safety gear and other tools including water pumps, hammers and wheelbarrows.

Masika however asked the youths to always support government programs as well as supporting the ruling National Resistance Movement led by President Yoweri Kaguta Museveni.

This followed their report in which the General Secretary, Calvin Mumbere Mirembe indicated that YARA with support from development stakeholders could go a long way in eradicating social deviance with involvement in drug addiction, early and teenage pregnancies and poverty.

Mumbere says their Sacco is now a key player in the development of the town council. A section of Yara members who managed to speak to Rwenzori Daily expressed gratitude to the micro finance support and committed to using the funds appropriately to transform their lives.