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Philanthropist gives interest-free loans to indigent persons


A philanthropist, Temitope Ajayi, has given out interest-free loans to 35 indigent people and a physically challenged person to enable them to start small businesses.
Ajayi, while giving out the loans to the beneficiaries in Lekki, Lagos, expressed displeasure with the level of destruction of properties during the #EndSARS protests and hoped the loans would have a positive impact on the beneficiaries.

Chief Executive Officer, Silicon Valley Nigeria Economic Development Inc., Chief Temitope Ajayi (fourth right); presenting an electric wheelchair to a beneficiary, Olarenwaju Sanni, with the Public Relations Officer, Computer and Allied Products Dealers Association of Nigeria (CAPDAN), Ademola Olaifa(left);Auditor, Adebukola Idiat Aturase and Secretary General, CAPDAN, Jerry Mba at the presentation in Lagos on Sunday

According to her, the loan was her way of intervening in the problem of youth restiveness to assist them. Ajayi, who is also the Chief Executive Officer, Silicon Valley Nigeria Economic Development Inc, said she had partnered Investment Consultant, Masterplan Finance Asset Management, London, Mr. Barry Baruwa; an official member at Forbes Business Council, Denise Williams and President, Global Connection for Women Foundation (GC4W), Dr. Lilian Ajayi–Ore to provide loans to 150 Nigerians.
She said the N1million loan was disbursed after the beneficiaries had gone through a business academy where they were tutored on business management. 
She expressed interest in partnering with the Federal Government, especially the Ministry of Humanitarian Affairs to empower Nigerian youths in Lekki on a larger scale.


At the event, a physically challenged person, Mr. Olanrewaju Sanni, was also given loan and a 2020 model electric wheelchair to enhance his mobility. This was done in conjunction with Mr. Miguel Castilla, President, SVLINKS, California.

Ajayi said Sanni, a computer technician at Computer Village, Ikeja, was given the wheelchair worth N2 million due to his academic excellence during the firm’s second Immersion Training Programme for computer professionals.

Sanni, who could only move around dragging his buttocks on the ground, appreciated the gesture describing it as a dream come true.


He said the wheelchair would henceforth make life easier for him as a computer technician.

“ I am excited, this is actually a dream come true, this is what I have been believing God for and he has done it in a mighty way.

“Each time I think about life without the wheelchair, I was always close to tears, it has really been hell, but with this, my life has changed.


“I pray that all the sponsors do not lack joy and may God bless their endeavours,” he said.

Earlier, Baruwa advised the beneficiaries to use the loan efficiently in order to access more loans.

He urged them to live responsibly and utilise the loan to ensure they become financially self-reliant.


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