08 Jun 2017 18:10pm
WALVIS BAY, 08 JUN (NAMPA) Nineteen small business owners from the Kuisebmond and Narraville residential areas of Walvis Bay received financial support from the Knowledge Katti Foundation on Thursday to advance their businesses.
Another beneficiary received money to top up his housing loan.
Businesses ranges from fish shops, barber shops, oil and fuel supply, catering, fruit and vegetable supply to security services, tuck shops and butcheries.
They are the first beneficiaries of the N.dollars 1 million commitment by businessman Knowledge Katti as announced at the harbour town last month.
The money is mostly meant to support small businesses from Walvis Bay, specifically those manned by the youth and the elderly.
The funds will also be used as start-up capital for those with realistic business ideas, who struggled to get funding.
Part of the money will also be used to settle the water and electricity accounts of elderly people whose accounts are in arrears.
Community members can collect and fill in a form at any church in Kuisebmond and Narraville to be considered to access the funds.
At the handing over of the cheques, Mandume Muatunga from the foundation said the first handover is worth N.dollars 150 000.
Beneficiaries received up to N.dollars 50 000 each.
Muatunga said more people will benefit in the coming months and the support will not stop as long as there is money.
Diinina Nakuafila, who owns a butchery, thanked Katti for the assistance, saying the foundation is a good example of community upliftment.
He asked established business owners to emulate the example and plough back into the community.
Isak Kahatjipara, 69, buys fruit and vegetables to sell at home in Kuisebmond. He said he is grateful for the financial support as he can now buy more stock.
I am happy that old people like myself are being supported. What Katti is doing is really big, he said.