The Abuja Enterprise Agency (AEA) is working closely with businesses to help lessen the effects of Covid 19 pandemic. The Agency through its Credit Risk Management Department has mobilized and stabilized some Widows of the Nigeria Army Ranking Officers Wives Cooperative Society of Karu.
This loan disbursement which was done under the Abuja Enterprise Agency’s Loan Revolving Scheme Programme, took place recently at the AEA Complex Abuja.
The Managing Director/ Chief Executive Officer of AEA Dr. Arabi Muhammad Tukur has said that women are better to be empowered as they create more opportunities/wealth with the little resources assistance or given. ‘Women are the backbone of the family and the bedrock of the society. Empowering them becomes necessary since they are the breadwinners of their families’.
The Managing Director who was represented by the Deputy General Manager Mallam Shehu Abdukadir urged the beneficiaries to utilize the funds given and use for the said business purpose. He encouraged them to pay off at the appropriate time to enable the other members of the Cooperative access another round of loan if the need arises.
The women from the cooperative society were assisted with total loan of One Million Nine Hundred Thousand Naira only in the first instance.
The Special Assistant to the President on Community Engagement/Civic Interventions Mrs. Olatoyosi Onaolapo who represented the office of the vice president expressed her profound gratitude to the Management of AEA for finding the group recommended by their office worthy to grant Loan assistance. She stated that there shall be more collaboration from the office of the Vice President and Abuja Enterprise Agency
Mr Bolaji Asuni, the Manager Credit Risk Management, while pointing out the terms and conditions of the loan encouraged them to use the funds judiciously so as to enable them pay on time and avoid defaulting charges. He further advised them to be good ambassadors of Widows Cooperative to pay back so that others too can get the loan and improve the economy.
The widows on the other hand thanked the office of the Vice President and the management of the Abuja Enterprise Agency for the Loan opportunity granted and promise not to default.