Remarks By Mr Ackim H Mweemba During The Launch Of Zufi Manyumba Workers Home Empowerment Scheme Held At ZUFIAW Training Center On Friday 5th October 2018
The Chief Executive, Diamond Equity Limited
Cavmont Bank representative
The General Secretary, ZUFIAW Mr Chingati Msiska
The Acting General Secretary Mr. Mutelo Mabenga
ZUFIAW National Executive Councilors present
Union Representatives from financial institutions based in Lusaka
Members of the Press
Ladies and Gentlemen
On behalf of the National Executive Council of Zambia Union of Financial Institutions and Allied Workers (ZUFIAW), we express our gratitude to all of you who have joined us on this important occasion to Launch ZUFI Manyumba, Home Empowerment Scheme, an initiative and partnership between Diamond Equity Limited and Zambia Union of Financial Institutions and Allied Workers(ZUFIAW).
Ladies and gentlemen this is a very important and rare occasion for us because our members and potential members have an opportunity to acquire housing assets, which will add value to their personal balance sheet.
In addition, this partnership with Diamond Equity will improve the living standards of our members and their families.
We wish to state that this development arose from realization that most of our employers have not done little to empower their employees with home ownership schemes. This lack of shelter has consequently condemned some of our members into destitution upon separation from employment because they could not afford to build or rent a house after leaving employment.
ZUFIAW has therefore decided to intervene in the real estate market by offering an alternative, flexible and affordable mechanism to employees to possess land and construct a home during their working life.
The ZUFI-Manyumba Home Empowerment Scheme provides nine (9) options for beneficiaries to choose from. However options are affordable and accessible to all levels and categories of workers in the financial sector where we draw our membership. The repayment period for the loans range up to ten (10) years.
The other source of pride is that the variety of house designs and plans is wide to choose from and according to what suits the clients.
To the new and young employees, I implore you to make home ownership a priority and avoid admiring that latest and elegant car on the road.
Ladies and gentlemen
It is also a well-known fact that Zambia has recorded a housing deficit and the 7th National Development Plan (7NDP) highlights the need to address this problem. ZUFIAW is therefore proud to be in this partnership with Diamond Equity in order to find a solution by offering 4000 residential plots for sale under the ZUFI-Manyumba Home Empowerment Scheme.
I would like to take this opportunity to invite all eligible employees in Zambia to seize this opportunity to join our Union and be part of this economic development program so that the service is extended to other parts of the country.
To our employers we appeal to you for corporation and support as you have always been in facilitating recovery and remittance of finances between your employee clients and stakeholders.
To our dear partners, Diamond Equity and Cavmont Bank , I would like to assure you that ZUFIAW is committed to ensuring that this initiative grows beyond Lusaka because we have members throughout the country. We are very proud to partner with you and support our Zambian company.
Thank you and God bless.
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