Kwara Adds 30,000 More Beneficiaries to Non-interest Loan Programme

Kwara State Governor, Mr. AbdulRahman AbdulRazaq, yesterday flagged off the disbursement of non-interest loans to another round of 30,000 beneficiaries of the social investment programme, which brought the tally to 60,000 since the scheme kicked off last year.

AbdulRazaq said that “between 2020 and now, we have disbursed soft loans to 30,000 beneficiaries.

“Today’s event marks the commencement of a fresh disbursement of the loans to another set of 30,000 beneficiaries across Kwara State.”

He stated this in Ilorin at the grand activation of Owo Isowo non-interest loans for beneficiaries from Kwara Central, which was held at Ilorin Township Stadium, Taiwo Area, Ilorin.

The governor said: “This initiative attests to the administration’s policy of gender inclusion, women empowerment, and poverty alleviation. Beneficiaries of Owo Isowo and Owo Arugbo have been 90 per cent women.”

He explained that the scheme, which came in four categories, was designed to fight extreme poverty and stimulate small businesses by providing beneficiaries with interest-free loans.

AbdulRazaq said the Owo Arugbo component, which has some 10,000 beneficiaries across the state, would seek to support the elderly and the weak in a way that neither threatens their lives nor degrades their human dignity as senior citizens.

“The programme seeks to lift people from extreme poverty. KWASSIP comes in four components, including Owo Isowo and Owo Arugbo. Owo Arugbo supports our vulnerable elders in a dignified way.

“We have made sure that these elders do not have to lose their lives or human dignity before accessing this support from the government. That is one of those things that stand us apart from the dark era that Kwara has exited.

“A signature programme of KWASSIP is the Trader Moni, popularly known as ‘Owo Isowo.’ It gives non-interest loans to beneficiaries to invest in petty business while also improving their capacity to create wealth for themselves.

“We borrowed this fine initiative from Mr. President. This has helped poor families to put food on their table.”

About Nwosu Esther

Esther is a Passionate Researcher, Web Developer as well as a certified Technical SEO Specialist. She loves to read News, write News Summary, and do Technical SEO.

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