Enugu Govt. launches loan scheme for entrepreneurs

By NICHOLAS OBISIKE

Enugu State Government, through the state’s Small and Medium Enterprises (SMEs) Centre, has launched a loan scheme for entrepreneurs in the state.

The scheme, known as “Enugu SMEs Micro Credit Lending Programme”, was created to help entrepreneurs in the state to access loans for growth.

Mr Arinze Chilo-Offiah, Special Adviser to the Enugu State Governor on SMEs Development, made this known to newsmen in Enugu on Thursday.

According to him, the programme offers an opportunity for SMEs to access a maximum loan of N300,000 with nine  per cent yearly interest.

Chilo-Offiah said that the loan would be for 12 months, with applicants enjoy one month moratorium.

He said that Enugu State SMEs Centre had been in the vanguard of promoting and assisting entrepreneurs in the state, urging interested candidates to apply for the loan.

The special adviser said the centre was assisting entrepreneurs to actualise their dreams of creating jobs and becoming self reliant through innovations and dedication. (NAN)