100, 000 applicants seek Delta govt credit loans
No fewer than 100, 000 applicants have applied for the Delta state government credit loans under the State Micro, Small and Medium Entrepreneurs (DSMSMEDA).
The Executive Secretary of DSMSMEDA, Mrs. Shimite Bello, who confirmed this to journalists on Monday in Asaba while reacting to the credit facilities the agency had granted to the small-scale entrepreneurs in the state in the last two years, disclosed that 6, 000 people had benefited while the sum of N739million was disbursed to them.
She said that although the 6, 000 beneficiaries were relatively insignificant in relation to the over 100, 000 applications for such loans, but added that the state like every other states had been faced with paucity of fund challenge occasioned by the prevailing economic recession in the country.
She said: “since the inception of Okowa administration, the scheme has disbursed N739million in terms of micro credit loans and we have received over 100, 000 applications for loans and only 6, 000 benefited” adding that Okowa administration had lived up to prosperity for all Deltans.
According to her, “at the agency during the first half of this administration we took proper documentation and there will be a lot of economic respite as we will be doing more implementation”, disclosing that the leather works in Issele-Uku is currently training 280 persons with over 140 persons earlier trained. She noted that the training programme which is batches of 20 trainees at a time is expected to end by November 2017.
