Bank of Agriculture (BOA) has indicated interest to support members of Nigerian Association of Small-Scale Industrialists (NASSI) with soft loans to finance their businesses.
The Zonal Manager of the Bank, Ahmed Abdullahi made this known when he received the Kano State leadership of the association led by Alh. Aminu Ibrahim Kurawa who paid him a courtesy visit aimed at strengthening relationship between the two and seek for collaborations to help NASSI members.
Abdullahi stated that, BOA will provide soft loans for members of the association between One million naira to (1 000 000) to Five million naira (5 000 000) and those expected to benefit are women between the ages of 18-65 and youths between 18-35 years respectively.
He said, BOA has different packages from which members of NASSI can tap into when they perfect or meet the necessary requirement needed to access such opportunities, urging them to key into the opportunities to facilitate the growth of their businesses.
Ahmed further broke down the offers and requirements as follows;
- Micro loan of 5,000 – 250,000 naira with security (2 Guarantors)
- 251,000 – 1,000,000 naira with security (2 Guarantors)
- 1,000,000 and above limited liability companies with security of Property or Mortgage (C/O). This offer can be accessible to individual, Company and Corporate Societies while other Packages include; Entrepreneurs Tractors accessible to corporative societies & Companies.
The Chairman, NASSI Kano, Alh. Aminu Ibrahim Kurawa applauded BOA for the offer describing it timely considering tough economic circumstances small scale industrialists are presently going through.
He said, no doubt, such loans will further boost and add more value to its members businesses and revenue generation which has been the Association’s target particularly under his leadership as he continues to explore ways of making life better for its members, urging them to seize the opportunity to further develop.
He however pleaded with the Bank to allow NASSI stand as guarantor for its members who would be interested in the offers so as to further simplify the process. He assured that NASSI and BOA shall continue to work together for the interest and mutual benefit of the two entities.
Kurawa added that his office shall continue to seek for more collaborations aimed at assisting the businesses of its members to experience rapid growth.