The Yobe Microfinance Bank says it has launched a 'ram loans scheme' for Sallah celebrations.
Sheriff Almuhajir, the bank’s chief executive officer , disclosed this in an interview with NAN in Damaturu on Thursday.
Almuhajir said the bank has initiated a N150 million facility to enable its customers to purchase animals for sacrifice during the Eid el-Adha celebration, slated for June 16.Eid el-Adha, also known as the ‘feast of sacrifice’, is the second of the two main holidays celebrated in Islam to commemorate Prophet Ibrahim’s devotion to sacrifice his son as an act of obedience to God’s command.
“This loan scheme is designed to support civil servants in Yobe, especially those working with state and local councils during the festive season,” Almuhajir said.The bank’s CEO said the facility would be carried out under the Sallah ram loans scheme and divided into categories A and B for disbursement.
He said the loan would be repaid monthly, with customers in category A paying N6,000; while those in the second group would pay N3,300.
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