IN line with the youth empowerment policy of the Oyo State government, Fullrange Microfinance Bank as one of the
financial institutions domiciled in the state has offered loan facility to transporters to boost their businesses.
Christened Ride to Own, the loan is for public transport operators who want to own Tricycle and Nissan Micra car which
is renowned among cab operators in the state.
The loan which is in a form of asset financing, according to the Head, Account and Finance of the bank, Toyosi Adekanmbi, is payable within 15 months after which the ownership of the Tricycle or Nissan Micra car will be transferred to the beneficiary.
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Adekanmbi, noted that Fullrange Microfinance Bank is launching the product not primarily to make money, but as a way
of contributing to the economic development of the state.
Head, Credit Administration of the bank, Olatilewa Ishola, hinted that those who signified interest in the loan have started receiving their tricycles and cars at the bank’s corporate headquarters in Ibadan.
and then