Loans are sums of money granted to a person buy a another person or party in exchange for future repayment. The entity in this case is the government as the FG look to empower the people for businesss development purposes.
There are several type of loans. The car loans, the house loans and the business loans which in this case trhe government is open to giving. Small and big business owners can submit their businesses for review and application as this is a very neceessary step in any loan application.
A statement by the Corporate Affairs Division of the Agency in Abuja, quoted the Director-General and Chief Executive Officer of SMEDAN, Dr. Dikko Umaru Radda saying that the two institutions are determined to see this project work in the interest of Nigerian MSEs.
He said the Matching Fund initiative which opened its portal to the public, on 22nd February 2022, is a promotional intervention meant to deliver credit, to the agri-business sub-sector, to enhance enterprise output, competitiveness, and job creation.
He also stated that the disbursing entity, under the programme, shall be Jaiz Bank Plc, who is the Agency’s latest partner on the initiative.