A project to rebuild the livelihoods of Ebola affected petty traders in Sierra Leone has been announced at a ceremony held at the Waterloo Rural district council.
The livelihood project is to re capacitate micro finance institutions to ensure access to finance by petty traders and long term sustainability.
The project is been implemented by the World hope international in collaboration with the Ministry of trade and industry.
The objectives of the livelihood project are to support 29, thousand four hundred petty traders affected by Ebola through soft loans, start up business capital and capacity building.
The project would cover all the fourteen districts, world vision Sierra Leone will cover 7,812 beneficiaries in five districts, BRAC Sierra Leone will cover 12, and 36 beneficiaries and in four districts CRS will cover 6,110 beneficiaries in three district and World Hope international Sierra Leone will cover 3,441 beneficiaries in two districts.
The project will be jointly implemented within the next three months to address post Ebola Emergency Recovery program of the through funding from DFID.
With the beneficiaries, each petty trader will receive a start up capital grant of 27 pounds equivalent to about two hundred thousand Leones, and also a soft Leon of 85 pounds equivalent to about six hundred thousand Leones on a five percent annual interest rate to be paid back within 12 months period.
The consortium constitute of four reputable organisations, which include world vision, BRA, Catholic relief services and World Hope international .
The country Director World Hope Sierra Leone Saidu Kanu, said the Livelihood project is coming at the right time when the trade are in need of support to keep their businesses up and running.
He said this is the first phase of the project and called on the traders to ensure that they pay their five percent interest so that other traders would benefit from the project.
Mereweather Thompson of the Ministry of trade said 80% of the beneficiaries are women and called on them to treat the project with respect and show responsibility to pay back.
Chairman Western Rural District Council Alhasan Cole said the council and other stakeholders would ensure transparency and accountability so that the right people benefit from the gesture.
He said the council will live up to its expectation and comply with the standards set.
Honorable Kemokoh Conteh on beheld of the members of parliaments in the Western Rural district said much is expected of the traders.
The Representatives of the petty traders Albert Tarawaly thanked the government for the gesture, he appealed to the government to increase the number so that other traders would benefit.