MYSC Sees P3.6M In YDF Loan Payments

Rakgare
Rakgare

Last November, the Ministry of Youth Empowerment, Sport and Culture (MYSC) launched a campaign to collect outstanding loan repayments from Youth Development Fund (YDF) beneficiaries.

The campaign aimed to encourage all YDF beneficiaries to pay back their loans as contractually obliged following signed agreements with the government through the ministry. For years, the ministry has been complaining and accusing youth beneficiaries of being reluctant to service their loans.

The campaign was themed ‘Akola ke Akole’, which literally translates to ‘you benefit, I benefit’, to urge defaulters to pay back loans so that others can also benefit. MYSC’s permanent secretary, Kago Ramokate said P3.6 million has been collected, although they missed their target.

Editor's Comment
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