Sekondi NDC Parliamentary candidate gives GHC800k interest-free loans to women traders

The National Democratic Congress Parliamentary Candidate for Sekondi, Lawyer Blay Nyameke Armah, has started piloting his women’s banking promise with interest-free loans to about 400 women traders in and around the Sekondi market.

Speaking to Citi News at the handing over of the second batch of the interest-free loan packages, the NDC Parliamentary Candidate for Sekondi, Lawyer Blay Nyameke Armah said women are critical in any family and the support is to give them some foundation in their business.

Lawyer Nyameke Armah Blay-NDC PC, Sekondi.

Realising that the economy of Sekondi is basically fish trading, we decided to ensure a good foundation, which is enabling the market women to have a very good capital base.

One of the loan beneficiaries, Sophia Nketsia told Citi News that Lawyer Blay’s interest-free loan has saved the women traders from high-interest rates and delays in securing mainstream Bank loans.

However, Lawyer Blay’s interest-free loan is also stress-free

Following the frequent sharp increases in the price of petroleum products and the challenges drivers face, Lawyer Blay hinted that the Sekondi NDC has initiated a programme which will soon loan out money to help commercial drivers fuel their vehicles.