The Nation (Nigeria)
170 young entrepreneurs get interest-free loans in Kwara
NO fewer than 170 young people with businesses in Kwara State have received interest-free loans from the state government.
The winners got between N250,000 and N3 million to start or strengthen their businesses after some rigorous, private sector-led screening processes that began with about 7,202 applicants.
Amounts awarded depended on the scale and viability of their business proposals, according to state Social Investment Programme Office, which coordinated the initiative alongside Fidelity Bank.
The loans were awarded under Kwapreneurs, a state government’s entrepreneurial platform designed to support initiatives of people not more than 35 years of age with seed funds.