Determined to fulfil his promise of raising over 100 millionaires through his Samzuga vision 0202-2020, Bishop Sam Zuga of House of Joy Ministry and founder of Samzuga International has kicked off part of his listed projects.
Samzuga’s vision 0202-2020, which captures some of the solutions towards building a better nation, has launched the establishment of 1,000 businesses for women and youths through a soft loan grant to Nigerians.
The Bishop, who is bothered over Nigeria’s poor economic situation and the suffering masses, has continued to identify the problems of Nigeria and re-emphasizing on the need to build a better nation is now leading the way towards achieving it.
Speaking at the official launch of the establishment of 1,000 businesses for women and youths, which took place at the Nurses House Yola, Adamawa State, the Bishop clearly stated how the soft loan will be granted.
Especially for those who have businesses but do not have money to run it, as they would also be supervised by professionals on how to go about any kind of business.
According to the Bishop the procedure for the soft loan follows this process: “Samzuga Foundation multipurpose cooperative society limited shall be established in each state of Nigeria. Interested businessmen and women will register and become members and follow procedure.
“Registration varies, depending on the amount of money you need to establish your business. A soft loan would be given to members on ten percent interest in a year without collateral, while non-members members will be given soft loan on ten percent interest per month with collateral.
“If you need a soft loan of:
- N10,000 you will register with N500
- N20,000 you will register with N1000
- N30,000 you will register with N1,500
- N40,000 you will register with N2,000
- N50,000 you will register with N2,500
- N60,000 you will register with N3,000
- N70,000 you will register with N3,500
- N80,000 you will register with N4,000
- N90,000 you will register with N4,500
- N100,000 you will register with N5,000
“It continues to any amount you want, even if you want 10, 000,000.”