Alhaji Yakubu Gobir, Founder of Gobir Organisation Foundation
The Gobir Organisation Foundation has set aside the sum of N250 million loan for disbursement to traders in Ilorin, Kwara State.
The interest-free loan disbursement is with zero- collateral and projected to span across the 16 local government areas of the State within an initial period of four years.
The Director of Strategy and Communications, Mr Charles Olufemi Folayan, who spoke Sunday on the funding, reiterated the organisation’s commitment to taking a lead in championing renewed social rejuvenation.
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He explained that the move was out of a move to invest in the economic output capacity of the state through targeted interventions in business development and other support programs for youth and women.
He noted that the loan disbursement programme“Gobir Funds” which commenced in November 2019, is an improvement on the model of the Federal Government Social Investment Scheme popularly known as “Trader Moni”.
“The organisation considers this as a critical means of empowering petty traders and helping to build the capacities of small scale business owners, especially those at the grass-root level,” he said.
He also revealed that apart from the loan, the organisation has also taken the initiative to equip and train small scale business owners on the rudiments of business development.
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