Bodunmat ventures gives 20 SMEs N50,000 each
By Edith Igbokwe
The management of Bodunmat ventures, a daily thrift organisation, said it has disbursed the sum of N1million to 50 Small and Medium Entrepreneurs (SMEs) to support their businesses.
According to the organisation, each beneficiary business owner who operates in Oshodi-Isolo Local Government Area (LGA) received N50,000 to be refunded with little interest rate.
The fund was disbursed last weeks to the qualified business owners who run a contribution account with the company.
The Managing Director of the organisation, Mr. Matthew Olubodun (Murphy), explained that the beneficiaries were those who have been keeping a good contribution account record with the organisation.
He stated that the company does not tarry to grant the loan request of any customer who has a good record of repayment.
He explained that the loan would be paid back in bits, as the amount obtained is spread out for easy repayment either on daily or weekly basis according to the customer’s choice.
Olubodun therefore urged other business owners in Oshodi-Isolo environs to join the train of Bodunmat ventures contribution/lending programme to help their businesses grow.
“The contribution aspect takes different format such as daily, weekly and monthly according to customer’s choice and the fund saved can be retrieved at any time needed either by hand or through transfer.”
He appreciated the business owners in Oshodi axis as he encouraged them to maintain the daily thrift programme for easy source of funding their businesses.
