A philanthropist, Mrs. Fatimah Oye-Balogun, has given interest-free loans to indigent residents of the Ojokoro Local Council Development Area (LCDA) in Lagos State.
The initiative was done through her Eleos Touch Foundation, and 100 beneficiaries got between N50,000 and N100,000.
Mrs. Oye-Balogun noted that the foundation aims to impact the lives of people positively in all spheres. This is the eighth edition of the initiative, and 100 persons benefitted.
She said: “Our interest-free loan programme is targeted at improving existing businesses that need reinvigoration. Being a source of help and succour in this regard is one of the many ways by which I intend to contribute to the betterment of the lives of people around me and give back to the community.
“I also implore beneficiaries to make judicious use of this opportunity while paving a smooth path to others who are yet to benefit. They should stay true and committed to the repayment of this loan.”
Leader of the Ojokoro LCDA legislative arm Tunde Oyekunle described the initiative as laudable.
“I thank Alhaja Oye-Balogun for contributing her own quota to giving back to the community
“The government cannot do everything, so I will encourage others to come forward as Alhaja Oye-Balogun has done, to help complement the effort of the government in providing succour to the people,” he noted.
Some beneficiaries hailed the initiative, saying Mrs. Oye-Balogun has proven to be a real helper.
Mrs. Risikat Abdullah, who is enjoying the initiative for the second time, thanked Mrs. Oye-Balogun for remembering the people.
“In fact, Eleos Foundation has been very good to people like me. This is the second time I will benefit from this initiative, I got N50,000 the first time and because I paid back as and when due, I was called this time too.
“So, I urge other beneficiaries to pay back as agreed to that others can also benefit.”