CREDICORP has disclosed the disbursement of loans to over 10,942 beneficiaries to ease rising cost of living across sectors in the country.

It made the disclosure in a statement, yesterday, reiterating its commitment to alleviating financial pressure on Nigeria’s working population with its newly launched consumer loan programme.

The statement reads: “In a fifth-day disbursement publication of the corporation, over 10,942 civil servants across various sectors have benefited from this initiative, with more recipients being added daily. The beneficiaries include 4,786 education workers and teachers, 1,307 doctors and healthcare professionals, 753 specialised workers, 1,264 police and paramilitary officers, and 2,831 administrators.

“This loan programme is designed to work through financial institutions to provide accessible and affordable credit to economically active citizens, helping households meet urgent needs with ease.”

A beneficiary of the scheme, Mrs Hauwa Bawa, said: “I got my loan without knowing anyone. I just applied online with my details, the funds were disbursed. I was able to take care of my small farm and address some serious household needs”.

I can’t thank CREDICORP and the President Bola Ahmed Tinubu enough.”