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1250 women get soft loans from Fidelity, Access banks

About one thousand, two hundred and fifty women in the FCT have gotten soft loan from Fidelity and Access banks. More are expected to benefit…

About one thousand, two hundred and fifty women in the FCT have gotten soft loan from Fidelity and Access banks. More are expected to benefit after they have been screened and found to be qualified for the facility.

This was disclosed by the President of the National Association of Nigerian Traders (NANTS), Bar. Ken Ukaohu at a one day training in collaboration with Fidelity Bank Plc held for market women in the Federal Capital Territory.

While speaking at the event, Bar. Ken Ukaohu, said the sum of N10,000 to N100,000 would be given to more traders, depending on their capacity, without any interest.

“NANTS will also serve as the guarantor. If anybody defaults, the blame comes back to us as we already have our internal mechanism,” he said. 

The National Women Leader of NANTS, Mrs. Ruth Agbo, commended the banks and urged the Federal Government to invest more in infrastructure and capacity building.

 “For some of us into production, we are doing it from the small cottage industry and for us to start producing for a larger market, we need more training so we can standardise,” she said. 

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