ODSG to consider more traders for N500b loan
By Fatima Muraina
Traders who intend to benefit from the Ondo State ApalaraN500 billion Micro Credit Scheme will be considered.
The Special Assistant to the Governor on Market, Mr Sikiru Raji made this known in an interview with The Hope in Akure.
He said the intending applicants should approach the Ondo State Micro Credit Agency to access the credit facility.
Raji disclosed that some seizeable number of beneficiaries have accessed the fund while many others were yet to access it due to their inability to present the required collateral.
According to him, those who could not present the required collateral may be afraid of breaking even or do not have it for presentation.
He said the intending beneficiaries would be considered so that the fund not accessed could be accessed and not tied down unnecessarily.
While explaining that the fund cannot be released without presentation of proper documents he called on intending applicants to group themselves into cooperatives and present their cooperative certificates for them to qualify for the loan.
In addition to this, he said they would need to present some other documents like collateral before they are giving final approval to access the fund.
