300 BENEFICIARIES RECEIVE LOW INTEREST LOAN IN ZAMFARA
A Zamfara based NGO, popularly known as “Kungiyar Tallafi Mata Masu Dubara” in partnership with Pether Integrated Technologies Ltd and Zenith Bank have flagged off disbursement of over N100 million low interest loan to 300 beneficiaries across the state.
Speaking at the disbursement of the loan to the beneficiaries in Gusau, the Chairperson of the NGO, Hajiya Suwaiba Aliyu Maiyadi Mada said that the gesture was aimed at reducing poverty, towards enhancing small and medium scale businesses in the state.
According to her, the loan was secured through partnership with Pether Integrated Technologies Ltd in collaboration with Zenith Bank to support commercial activities in the state.
She noted that a total of 300 beneficiaries from the 14 local government areas of the state, comprising small and medium scale traders, were to receive cash and items as low credit loans.
Hajiya Suwaiba assured that the NGO would ensure proper utilization of both cash and items given to the beneficiaries.
Also speaking, the Executive Director of Pether Integrated Technologies Ltd, Mr Bashir Muhammad stressed that, the scheme was designed to caution the economic crisis, occasioned by insecurity and Covid-19 pandemic.
Read Also: Buhari hosts Tinubu, other APC founding fathers to dinner
“This is continuous scheme, starting with 300 beneficiaries, including tailors, motorcycle and tricycle riders, chemists and provision stores’ owners, as well as soya beans, groundnut and cake sellers, among others.
“The beneficiaries are to pay back the loan after one year,” he added.
The State Chairman of the Nigerian Bar Association (NBA) and Legal Adviser to the NGO, Barrister Junaidu Abubakar urged the beneficiaries to ensure timely payment of the loan, in order to allow the scheme to move forward.
The Chairman, Zamfara Social Protection Platform, Nasiru Biyabiki commended the NGO and the loan providers for the initiative.
“We appreciate you for considering Zamfara in this economic initiative, we are hopeful, it will promote social protection programmes and activities in the state,” Biyabiki added.
