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Home›Finance Debt›Gulu youth do not return YLP money

Gulu youth do not return YLP money

By Theresa M. Bates
March 9, 2021
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By Suzan Nanjala

Gulu district recorded poor recovery on loans that were advanced to several youth groups under the Youth Livelihood Program (YLP) during the 2014/2015 fiscal year, Daily Monitor learned.

At least 60 youth groups in Gulu district have received Shs 460 million for agricultural and non-agricultural projects with a one-year repayment grace period.

However, Mr. Santo Otto Anywar, the YLP focal point in Gulu district, said only Shs 133 million had been recovered.
He said there were a number of challenges in monitoring projects.

“Some of the young people also changed their plans after getting the money, which made it difficult for accountability purposes, while others could not be found because they disappeared from their villages,” did he declare.

He added: “The Covid-19 pandemic has also made the situation very difficult as many young people have closed their businesses. “

Mr Otto, however, said many youth groups are waiting to get the loans but don’t have the money to give them.

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“So far 17 groups have applied and have been approved, but there is no money to give them yet,” said Mr Otto.

Mr. Peter Clever Ayabu, president of the Ribeber concrete casting group in the Cereleno market, said their group received 7.5 million shillings but encountered difficulties in clearing the loan.

“We were 12 registered members but only three remained in the group because repaying the loan became a challenge for some of them,” he said.

However, Mr Tony Ojok, chairman of Gulu High Boda Boda youth group, said they have been waiting for a loan since 2018.
His group of 30 members qualified for a loan of Shs 50 million, which they hope to use to buy 10 motorcycles at Shs 5 million each.

In 2017, the Ministry of Gender, Labor and Social Development threatened to suspend funding to 80 districts citing poor monitoring and supervision that had led to limited impact and low loan repayment.

PROBLEM
The YLP program was set up to enable young people to harness their socio-economic potential and increase self-employment opportunities and income levels.

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