Spurred by the success of its Village Savings and Loans Associations (VS&LAs) for farmers in Benue, Nasarawa, and Plateau states, Oxfam GB is partnering the Bank of Industry (BoI), to disburse a N200million facility to boost farmers’ activities in the affected states. The partnership is borne from the need to target the most marginalized and hard to reach in the rural communities in line with the objectives of the Federal Government Social Intervention policy.

The funds, tagged, “GEEP MarketMoni” is the first batch of the loans meant to expand the activities of about 500 farmer groups in some communities in the three states. BoI is executing the Federal Government of Nigeria’s microcredit initiative, the Government Enterprise and Empowerment Programme (GEEP).