To address the adverse economic impact of loadshedding on MSMEs and Cooperatives, the Citizens Economic Empowerment Commission (CEEC) is hereby inviting Marketeer Cooperatives (Markets) in Lusaka and Copperbelt Province (later to be rolled out to other provinces) and targeted citizens and enterprises across the country to apply for the following solar affordable and easily accessible loan empowerment products:
- Solar for Marketeer Cooperatives (Markets) in Lusaka and Copperbelt Province (later to be rolled out to other provinces).
- Solar for standalone Saloons and Barbershops (Solar Yaka) across the country.
The ultimate objective for providing these loan products is to eliminate the recipients’ dependence on hydropower provided by ZESCO which has been highly erratic and disruptive due to loadshedding. This will also ensure business continuity and job security in these subsectors.
Advertised Solar Energy Empowerment Loan Products for 2024
| S/N | Loan Product | Loan Product Specification | Loan Threshold | Loan Conditions |
| 1 | Solar Marketeer Cooperatives for Markets | Markets on the Copperbelt and in Lusaka (later to be rolled out to other provinces) with a minimum 100 members (marketeers) | Loan Product not exceeding K500,000 (including working capital) | Maximum 3 years (36 months) loan tenure at 8% interest rate per annum without grace period Security free loan product |
| 2 | Solar Yaka for Standalone Salons and Barbershops | Standalone salons and barbershops (rechargeable barber machines coupled with lighting system) | Each Loan Product not exceeding K70,000 (including working capital | Maximum 3 years (36 months) loan tenure at 8% interest rate per annum without grace period Security free loan product |
APPLICATION PROCESS
- Application forms can be accessed for FREE via www.ceec.org.zm, CEEC Provincial Offices and District Commissioners’ Offices countrywide.
- All duly completed application forms should be submitted at the nearest CEEC Provincial Offices for processing.
- Applicants with active CEEC loans are NOT ELIGIBLE to apply for these advertised Empowerment Products until they fully repay their loan(s).
- Applicants must provide an active bank account.
- Applications that do not follow the stated format will NOT BE ACCEPTED.
DEADLINE: Monday 30 September 2024 at 17:00hrs.
In line with Government’s policy, CEEC prioritises and encourages the participation of the youth, women and people living with disabilities.
Charles Muwe Mungule, PhD
Director General
CITIZENS ECONOMIC EMPOWERMENT COMMISSION
Download the application form here, fill it out, and submit it to any CEEC Provincial Office
OR
Apply through the CEEC online loan application portal: https://applications.ceec.org.zm/
