As part of its founding principles to financially support start-up businesses, an Ilorin-based non-governmental organisation, known as the Hannis Institute for Development Studies (HIDS) has today presented a flour mixer to one Mr. Muhammad Kamaldeen, one of the selected beneficiaries of the Institute’s loan revolving scheme.
Recall that at the Kwara Young CEOs forum recently held in at Hall A, Kwara Hotel Limited Ilorin, Mr. Muhammed emerged as one of the young entrepreneurs with a feasible business proposal. At the event, it was announced that HIDS will provide a counterpart money for Mr. Muhammed to acquire the mixer .
While expressing his gratitude to HIDS and the donors providing financial succour for his business, Mr. Muhammed disclosed that he is satisfied with the terms of agreement of the loan, stressing that the acquisition of the machine is a major economic boost and growth for his business.
Theinformant247 gathered that the philanthropic organisation had an agreement with its beneficiaries that the loan will not attract any interest and it is payable within a period of one year.
