The Bank of Industry (BoI) has disbursed loan facilities ranging from N10,000 to N50,000 to over 1,000 women entrepreneurs in Plateau State, under the Government Enterprise and Empowerment Programme (GEEP).
Tagged the MarketMoni Alert, the initiative is one of the Federal Government’s social intervention programmes aimed at helping micro enterprise operators in the country bridge the gap in access to affordable credit identified as a major constraint to business growth.
The GEEP, which is being administered by BoI, seeks to provide non-interest loans raging from N10,000 to N100,000 to 1.6 million beneficiaries in the 774 local governments of the federation.
Speaking at the Plateau State edition of MarketMoni Alert initiative at the weekend, the BoI Managing Director, Mr. Olukayode Pitan, said the over 1000 beneficiaries would receive alert through their individual telephones.
Pitan, who was represented by the Executive Director of Micro Enterprise, Mrs Toyin Adeniji, underscored the significance of the scheme, saying that it would help to expand loan windows available to small enterprises in the country.
In his address, the Governor of Plateau State, Simon B. Lalong, commended the Federal Government for the initiative and the openness and transparency of the Bank of Industry in administering the fund.