Business
Ondo Govt Wants Beneficiaries To Repay Loans
The Ondo State Government has appealed to the beneficiaries of its micro credit facility to ensure prompt settlement of the loans granted to them.
The Chairperson of the State Micro Credit Agency (OSMA), Mrs Banke Sutton, made the call in a statement issued in Akure the state capital.
The agency is saddled with the responsibility of granting loans up to N20 million to those interested in setting up small scale businesses.
Sutton, however, regretted that some beneficiaries were reluctant and slow in paying back the loans.
“One of the major issues discussed at the meeting held with the loan beneficiaries was on the repayment of loans by some reluctant groups.
“Payment of loans disbursed by this agency are not forthcoming as being expected. Although some reasons were given for the delay, we still appeal to them to avoid taking harsh measures against defaulters.
“They should be reminded that we have the authority to take over collateral of any defaulter,” she said.
The chairperson said the agency would provide more loans to groups that made 100 per cent repayments.
“We have given our promise to those who settled their loans that they will get more,” she said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.