Senator Gbenga Daniel Launches Interest-Free Microcredit Scheme for Petty Traders, Artisans

By: Ogunleye Oluwapelumi

Senator Gbenga Daniel has launched a multi-million naira interest-free microcredit scheme for petty traders and artisans in markets across his senatorial district. The scheme aims to provide financial support to the beneficiaries to expand their businesses and alleviate poverty.

The first phase of the revolving loan scheme had 400 traders and artisans from the nine local government areas of Ogun East Senatorial District as beneficiaries.

The scheme was launched at the Asoludero Hall, GRA, Sagamu for the Remo Federal Constituency and at the Obalofin Hall, Conference Hotels, Ijebu-Ode for the Ijebu Federal Constituencies. The loan disbursement will take place every three months. The senator thanked the traders and other stakeholders for their support during the 2023 general elections.

Senator Daniel said the microcredit scheme was consistent with his mission to uplift his constituents and improve their socio-economic well-being. The senator’s vision is to have a thriving and prosperous Ogun East, and he believes the microcredit scheme will help to achieve this goal.