FG BEGINS DISBURSEMENT OF CONSUMER CREDIT TO ABIA MARKET WOMEN.

The Federal Government has commenced disbursement of consumer credit to market women in Abia State through the Nigerian Consumer Credit Corporation (CREDICORP). 

The scheme offers interest-free consumer credit of up to N2 million to enhance financial inclusion and boost the quality of life for Nigerians.

Launching the disbursement in Aba on Thursday, the Managing Director of CREDICORP, Uzoma Nwagba, explained that the institution would support financial institutions that provide credit to individuals without requiring collateral. 

Nwagba, who was represented by the Executive Director of Credit and Portfolio Management, Aisha Abdullahi, said that applicants need to provide their Biometric Verification Number, National Identification Number, passport, business address, and a guarantor's letter to access the fund.

According to him, the initiative, which was unveiled by the Federal Government in April, aims to empower one million market women across Nigeria, starting with 100,000 people. 

Also speaking, the Chairman of Ariaria Main Market Association, Mike Anioji, commended the initiative and assured that the executives of the association would ensure repayment.

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