The microcredit programme encompasses the extension of customized loans to artisans, farmers, traders, women and youth entrepreneurs. The loans are aimed at helping the beneficiaries to increase working capital and financial resources to expand enterprise operations, promote productivity, generate higher incomes and create new jobs.

Under the microcredit programme, all loans are extended through artisans’ associations, farmers’ cooperative societies, commodity associations, women’s groups and youth associations, to their members.

The loanable funds are mobilised from several sources, national and international. The prospective sources of loanable funds include special intervention facilities of the Central Bank of Nigeria (CBN), bilateral and multilateral international development organisations as well as partnership with private foundations and non-governmental organisations.