With National Women Empowerment Fund (NAWEF), an aspect of the Federal Government’s Social Investment (Intervention) Programme, the (BoI) has unveiled an interest-free loan scheme for women artisans, market women and small holder farmers.
According to the BoI, NAWEF is designed exclusively for women and administered by BoI to issue interest free loans to successful applicants.
At the unveiling of the pilot phase for the disbursement of the Fund in Uyo on Monday, the Minister for Women Affairs and Social Development, Sen. Aisha Jummai Alhassan, stated that eight states, including Akwa Ibom, Adamawa, Borno, Yobe, Osun, Abia, Nasarawa and Jigawa have been selected for the pilot phase where women can access N200 million in loans (starting from N10,000 to N100,000).
She said: “Statistics have shown that women are mostly involved in the agric value chain as small holder farmers. Government decided to intervene in the area of provision of access to markets for their produce. The Social Investment Intervention Programme is hinged on five pillars. Four of the pillars of the programme have taken off. The fifth one is underway. The intervention exercise has increased enrolment of the girl-child in school and empowered many women.
The Senior Manager, Micro enterprises, BoI, Aisha Abdullahi said the reason for this difference is to ensure that more women have access to interventions in order not to be crowded out by men. GEEP has already started and the verification process is like that of NAWEF.
How to apply:
You fill a form and submit through BoI office or state ministry of women affairs. Agents will contact you for verification and you will pay back in six months, if the application is successful.
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