Rivers Rural Women Get N26m Microfinance Loan

Former Action Congress of Nigeria (ACN) gubernatorial candidate in Rivers State, Prince Tonye Princewill, has instituted a N26 million microfinance fund for Rivers women living in rural communities.

Part of the fund would be subjected to a partnership arrangement with the Rivers State Microfinance Agency (RIMA) to provide microfinance of one million naira to each of the 23 local government areas in the state.

Princewill, in a statement made available to the press, noted that beneficiaries would be subjected to the criteria laid down by the agency.

The former ACN chieftain who cross carpeted to the ruling People’s Democratic Party (PDP) before the 2011 election said the essence of the loan scheme was to empower rural women as he commended the women for all their efforts since 2006 when they started working with him.

He assured the women that RIMA, under the present management, would be a perfect partner for progress.

He, however, presented a cheque of N2.8 million to the women caucus for the procurement of equipment for the commencement of Princewill Political Associates (PPA’s) Women Skills Acquisition Programme to be sited at the PPA secretariat on Port Harcourt-Aba Expressway.