NIGERIAN NGO LAUDS LOW INTEREST LOANS FOR BUSINESSWOMEN

Daily Trust: An NGO, Idea Builders Initiative on September 2nd commended the Central Bank of Nigeria (CBN) on plans to grant loans at low interest rates to women entrepreneurs.

Mrs Lucy Kanu, the Chief Executive Officer of the Initiative, said in Lagos that low interest rate would enable women to have access to loan facilities to grow their businesses.

Malam Sanusi Lamido Sanusi, the Governor of CBN, had on Aug.15, launched a N220 billion Micro, Small and Medium Enterprises (MSMEs) Development Fund in Abuja.

Sanusi said that the fund would enable women entrepreneurs to have access to low-interest and long-term funds through micro finance institutions.

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