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500 Kwara women get Gobir foundation’s interest-free micro loans

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500 Kwara women get Gobir foundation's interest-free micro loans

Yakubu Gobir

A Non-Governmental and Wellbeing platform under the aegis of Gobir Organization Foundation has successfully flagged-off the Gobir Fund and disbursed interest-free loans to 500 women to alleviate poverty in the society.

ROYAL NEWS gathered that the aim of the foundation amongst other things is to alleviate poverty which has become a major issue of concern in both Kwara State and nationally and also to empower the women folk; often recognised as the most vulnerable in our society.

The disbursement of the fund was carried out on Friday at the corporate head office of the foundation located in Ilorin, the Kwara State capital with 500 beneficiaries.

The fund is set aside to provide easy access to interest free micro loans to indigenes of Asa, Ilorin East, Ilorin West and Ilorin South Local Government Areas with the aim of providing Small & Medium Enterprises (SMEs) with capital for growth.

In his opening speech, the Founder of the organization who is also the Waziri Kasar Hausa; Yakubu Gobir said the empowerment programme will bring relief and succour to every beneficiary.

He however urged them not to abuse the privilege given to them. Gobir further stressed that the money must be invested in businesses, and not on personal wants or social events.

Waziri Kazar Hausa further added that the funds utilised are not from government, but a collaboration with Zenith bank and should therefore not be seen as money that can be embezzled.

According to him, the amount disbursed at the programme is  between N10, 000 to N 50, 000 depending on the organisation’s assessment of the business proposal of the beneficiaries stressing that  the foundation is  also giving training on basic financial intelligence and entrepreneurship to the beneficiaries.

Waziri Gobir who is a seasoned social entrepreneur also disclosed that government alone  cannot provide jobs to all  hence the need for well meaning individuals/ organizations to come to the aid of the under privileged in Kwara State.

On their part, the visibly elated beneficiaries appreciated Yakubu Gobir; Waziri Hausa for his large heart and kind gesture in a bid to ease the sufferings of people through his laudable actions.

They prayed for Allah’s protection and blessings on him and his entire household.

The initiative has already issued interest free loans to over five hundred (500) women and is well endowed to accommodate more going forward.

 

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