600 women benefit from loan scheme by Mama Diaspora - CURRENT NEWS


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Monday, September 20, 2021

600 women benefit from loan scheme by Mama Diaspora

Over six hundred youths in Lekki area of Lagos have been empowered with interest free loans by Chief Amina Temitope Ajayi (Mama Diaspora), as start-up capital to engage in businesses of their choice after three weeks of intensive training.

The loans and trainings which were facilitated by SV-NED Inc/Silicon Valley Ibeju Lekki Cooperative Multi Purpose Society Limited in collaboration with Global Connection for Women Foundation, GC4W was aimed at equipping the youths to be self dependent as future business leaders.

The youths numbering about 600 so far were given amount ranging from N15000, N20, 000 and above as interest free loans.

Speaking during the presentation of the loans in Lekki – Lagos, the chairman of Silicon Valley Nigerian Economic Development, SV-NED, Chief Temitope Ajayi, (Mama Diaspora) stated that she would like to partner with the federal government, especially the Ministry of Humanitarian in the area of training, soft loans for small startups.

Chief Ajayi noted that the provision of interest free loans is imperative because the youths are business people who have been trained and know the value of money and what to invest on.

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