Kabale, 28-2-2024 — In a significant development, a total of Shs. 136 million has been allocated to 18 emerging youth groups as part of the Youth Livelihood Program (YLP) in Kabale District. The funds were distributed during a specialized training session held at Kabale District Rukiiko Hall, organized by the Kabale District Community Officer.
The training aimed to equip the youth groups with the necessary skills for effective utilization and timely recovery of the allocated funds under the Youth Livelihood Program. Moses Akampurira, the Kabale District Community Development Officer, disclosed that the disbursed amount was derived from the recovery of Shs. 310 million out of the Shs. 965 million initially disbursed to the youth since the inception of the program in the 2013/2014 financial year.
Emphasizing the revolving nature of the YLP, Akampurira highlighted that the funds must be repaid within a maximum period of three years to ensure continuity and benefit for other youth groups. Acknowledging exemplary performance, he commended the Rubaya sub county’s Kabirago and Muguli Youth Groups, engaged in agriculture, for timely fund recovery and significant progress. In recognition of their efforts, the District provided additional capital to enhance their businesses.
Kabale District Administrative Officer Fred Kalyesubura cautioned the youth against non-productive spending, emphasizing the need for responsible fund management. He tasked Subcounty Community Development officers with the responsibility of guiding, supervising, and monitoring the youth to ensure proper usage and recovery of the disbursed funds.
As of the report filing, Kabale District Authorities confirmed that the allocated funds had been transferred to the respective bank accounts of each of the 18 youth groups. The Youth Livelihood Programme, a Government of Uganda initiative, addresses youth unemployment and poverty across all 146 districts in the country. Organized youth groups can apply for and receive loans payable within a maximum of three years, with a nominal annual interest of 5%. Notably, interest is charged only in the second and third years, offering an incentive for groups repaying the loan within the first year.
