Palapye.com News Blog

source: BOPA
13 May, 2008

GABORONE- Diversification of the economy can be more successful if women are empowered to start their own enterprises, says CEDA deputy chief executive officer, Ms Lorato Morapedi.

Speaking at a workshop aimed at empowering women, Ms Morapedi said CEDA is looking forward to assist women and other entrepreneurs.

She said it was pleasing to see women seek financial assistance to start their own businesses. However, she said it was important for them to know what is expected when applying for loans at CEDA. She said they received a lot of loan applications and most of them were rejected for various reasons.

Ms Morapedi urged women to understand what their business plans entail, rather than relying on consultants. Some women, she said, engage consultants to make business plans for them and then submit them to the financiers.

She cautioned that some consultants do not do a good job hence the loan application will be turned down. Ms Morapedi therefore encouraged women as business owners to [continue reading]