Presidential vendor scheme launched in Bindura

THE Presidential Vendors’ Empowerment Scheme was launched yesterday in Bindura with a pledge of interest-free seed capital aimed at uplifting informal traders and steering them towards formalisation.

The scheme, unveiled by the Presidential Investment adviser Paul Tungwarara, will see US$200 000 being distributed across the country’s 10 provinces, with each province getting US$20 000.

Tungwarara said the funding targeted market traders, vendors and other informal business operators who often lack access to conventional financial services.

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