One of the registered cooperative societies based in in Mararaba under the aegis of Great Dynamic Cooperative Society has mapped out plans to rollout over N20 million economic empowerment loan scheme for it members.
Specifically, the financial group stated that the loan scheme has been designed to assist members in the areas of commercial farming, trade and commerce in line with the diversification policy of the present government.
General Manager of Great Dynamic Cooperative Society, Mr. Taiwo Owolanu, made this revelation in Abuja while addressing journalists as part of activities line-up to mark one year anniversary of the group.
He stressed the need for financial institutions in the country to assist government achieve its diversification policy by investing in Small and Medium scale enterprises, just as he identified the micro enterprise as the economic base of any developing society.
According to Owolanu: “We in Great Dynamic Cooperative Society have come to the full realization that the micro enterprise is the bedrock of any developing economy.
“Within one year of operation, our cooperative has assisted our members through various loan schemes to build their own businesses.
“We have equally come to the realization that financial institutions can help government to achieve its diversification policy by granting loans to small scale businesses.
“That is why we have concluded plans to rollout over N20 million loan resolving scheme to our members. It is our hope and belief that if financial institutions can assist genuine members to grow their businesses, it will have a rippling effect on the economy.”
He, therefore, called on Nigerians to embrace genuine and registered cooperative societies aimed at growing private businesses, noting that government “white collar” job is no longer in vogue.
Our correspondent gathered that Great Dynamic Cooperative was registered on February 2017, and ever since, the group has empowered its members in various business development.