The Steering Committee of PIAASI validated the proposal in Yaounde last Friday.
The 5th session of the Steering Committee of the Integrated Support Programme for Actors in the Informal Sector, PIAASI, is determined to track down debtors of PIAASI loan. According to the president of the Steering Committee, Zacharie Perevet, some individuals who solicited for PIAASI loan do not respect the deadline for reimbursement while others simply go missing with the loan.
Against this backdrop, the National Coordinator of PIAASI, Melone Loe Claude reiterated that the runaway beneficiaries will be tracked by the forces of law and order even up to their villages. He hinted that PIASSI has an uphill task to increase the level of recovery from 30 per cent to 60 per cent in December 2012.
The Steering Committee announced the increase in the level of loan to beneficiaries from FCFA 2 million to FCFA 4 million. The increment in financing projects will help to enhance the Head of State’s government of greater achievement and also strive toward emergence in 2035. On the other hand, the committee has reduced the deadline for the reimbursement of loans. Beneficiaries will have just six months instead of 11 months to start reimbursing the loan. They will equally have to reimburse the loan in 10 months rather than the 15 months that use to be the case. To the National Coordinator of PIAASI, the period for reimbursement has been reduced so that beneficiaries should live with the loan and constantly remember that they have to reimburse.
In an attempt to curb the rate at which some beneficiaries disappear with PIAASI fund, the Steering Committee decided to treat with groups instead of individuals. Groups are more credible and organised than individuals who can easily vanish. The Steering Committee has a soft spot for handicap groups and announced that they will be the first beneficiaries. Apart from the handicap groups who are the major beneficiaries, women, youths and common initiative groups will equally benefit.
