Chief Executive Officer, Silicon Valley Nigeria Economic Development, Chief Temitope Ajayi, has given out interest-free loans worth N10.5million to victims of the EndSARS protest.
The philanthropist, while given out the second tranche of the interest-free loans worth N10.5million, on Monday in Lekki, Lagos, expressed delight over the beneficiaries’ commitment towards being financially independent, while maintaining their status as responsible citizens of the country.
According to a news report by NAN, Chief Ajayi disclosed that the beneficiaries who were able to pay off their initial loans got double the amount in the second tranche of the disbursement of the loan facility.
- The philanthropist, however, gave out the first tranche of the loan three weeks ago.
- The loan facility which was specially designed for the EndSARS Nigerian youths was provided by Silicon Valley Cooperative Multipurpose Society in partnership with Global Connection for Women Foundation (GC4W) and Masterplan Finance UK Ltd,
- During the disbursement of the first tranche of the loan facility, each of the more than 200 EndSARS victims got a loan of between N40,000 and N80,000, depending on the kind of investment they chose to engage in.
- According to the CEO of Silicon Valley Nigeria Economic Development, those that got N20,000 during the disbursement of the first tranche received N40,000, and prizes like umbrellas, food warmers and more.
