MFB Advises Beneficiaries On Loan Assessment

The Managing Director,
Future Micro Finance Bank, Abuja, Mrs Frances Bekey, urged women in cooperatives to meet the requirements for accessing loans to improve their businesses.
Bekey said this in an interview with newsmen in Abuja recently.
She said the bank would release N100 million to the Nigeria Cooperative Women Alliance (NICOWA) to assist them empower women in their small businesses.
According to Bekey, the funds were not for free and for anyone to benefit, she must meet all the necessary requirements that were placed.
“Before the funds can be accessed, the beneficiary must meet all the required criteria.
“We are going to take the details of these women today and they are going to go back and do the necessary things and qualify.
“We are setting aside N100 million to give to the president of NICOWA for her group and everyone here is going to register and meet the requirement.
“The project must be bankable; we must be able to establish that the project will be able to pay itself and it must be in line with CBN regulations before we disburse,’’ Bekey said.