Some traders at the Abubakar Gumi Central Market, Kaduna State, have commended the Vice President, Prof. Yemi Osinbajo, for the collateral-free loan tagged TraderMoni, to boost their businesses.
Osinbajo was in the state to launch the state's edition of the scheme.
The vice president, who was accompanied by Governor Nasir El-rufai and other dignitaries, went round the market amid tight security to acknowledge beneficiaries and encourage them to judiciously use the loan.
Speaking at the launch, Osinbajo said when the traders repay the collateral-free loan of N10,000, they qualify for higher sums of N15,000, N20,000, N50,000 and N100,000. He said the loan was meant to empower them to expand their businesses and trade.
In a chat with one the beneficiaries, Mrs. Esther Onne, who was full of praises for the vice president, said the money will go a long way to drive her food stuff market.
She said: “I appreciate our vice president for promoting this initiative.
I have heard about the success of the scheme in other parts of the country but I thought it will be politized but to my surprise it was a very fair process.
I have received the money and I have immediately invested it on my business.”
Jafar Abubakar, a trader in ginger and garlic admitted his initial scepticism about the scheme but had a change of mind when he was registered.