The lawmaker representing Ogun East Senatorial District at the National Assembly, Senator Buruji Kashamu has been commended for initiating the interest-free micro-loan scheme across the 20 local government areas of Ogun State.
No fewer than 1,500 petty traders from 17 local government areas benefitted from the pilot scheme which the lawmaker has been doing even before he sought elective post.
Speaking in Abeokuta, a community leader from Ibaro village in Abeokuta North Local Government Area, Oyelade Adebayo said the revolving loan would go a long way in assisting petty traders to revive their business.
He praised the lawmaker for the gesture which, he said, came as a surprise that a Nigerian lawmaker can extended dividend of democracy beyond his constituency.
“It has never happened in the history of Ogun State that a lawmaker who is not from our zone can be this generous. Through his Omoilu Foundation, our people have been blessed. Omoilu Foundation representatives have been flooding this community with foodstuffs, exercise books for our children and many other gifts.
“This micro-loan is expected to boost business activities in this community. Our market women can now go back to business. My advice for the 25 beneficiaries who received N50,000 each in my community is to seize this opportunity and grow their businesses. We say a big thank you to Senator Kashamu and also pray to Allah Subhanahu Wa Ta’ala to continue to bless him,” he said.
Also speaking, Chief Shina Aderibigbe described the gesture as an avenue that offers a fresh beginning to the market women. He urged them to make repayment regularly so it can be extended to others since it is a revolving scheme.
“This is another opportunity for our women to get back to business. I have gone through the memorandum of understanding and I see that it not only interest-free loan, it is also a revolving loan that allows them to access the loan as many times as possible. I urge well-meaning Nigerians to emulate Senator Kashamu and assist the masses,” he added.
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