The Kwara State Government has officially launched the disbursement of micro-loans to thousands of Kwarans earlier today, 25th September 2020.
This was disclosed in a statement by His Excellency, Gov AbdulRahman AbdulRazaq via his official social media handles.
The statements reads as follows;
Today, we officially launched the disbursement of micro-loans to 21,623 beneficiaries statewide. The KWAGEEP scheme (Owo Isowo) is to assist our market men and women, particularly petty traders. I believe the programme will help petty traders scale up their businesses with trickle down effects that will impact the lives of our people and alleviate poverty in Kwara state. It is important for beneficiaries to pay back the loan so as to get a double of what they are getting now in the next phase.
The money being disbursed is not our personal money but government’s funds which belong to all Kwarans. We don’t believe in converting public funds to private properties and then give out crumbs under the pretense of giving free money to people to gain political mileage.
The scheme started during the lockdown, when we supported transport workers with micro-loan so as to ease the effect of restricted movement on their income. Soon, we will kickstart KWCTP (Owo Arugbo) for the vulnerable among the aged. In all, we are looking at about 100,000 beneficiaries for the first phase of the Kwara Social Investment Programmes (KWASSIP).
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