From inception to
December 2005, 59 young entrepreneurs have been given
loans of about N10.8million, to set up or revamp their
businesses. These businesses offer employment to 2 –
4 persons each. By December 2005, 4 entrepreneurs had
fully repaid their loans amounting to N665,000.
Cumulative
(Dec. 2005)
Current
Plan (Jan – June 2006)
No. of Projects
59
30
No. of Staff
7
7
Average size of loan
N.2
N.2
Amount of loan disbursed
N10.8
N6.8
The plan in 2006 is to assist 60 businesses
in and around Lagos as well as rolling out to the north-Kano.
