Foundation empowers traders with N20m loan, offers scholarship to prospective undergraduates

By Jeleel Olawale

A non-governmental organisation, Kunle Ayoola Foundation, has provided a sum of N20million loan facility to empower petty traders in their businesses.

The organisation that focuses on easing the burden of widows, orphans and youths also granted scholarships to some prospective undergraduates.

A philanthropist and founder of the Foundation, Kunle Ayoola disclosed during a press conference that many residents of Ile-Ife received free medical treatments for their ailments while food items were distributed.

Explaining reason behind the humanitarian gestures, Ayoola said it was his own way of reaching to the needy and addressing economic challenges bedeviling Nigeria.

While calling on other well-meaning Nigerians to be generous towards other citizens, especially the vulnerable, Ayoola disclosed that the foundation organised various programmes for a week to address the immediate needs of the public.

He said, “Kunle Ayoola Foundation (KAF) is a non-governmental organization and non- profit. It is focused on easing the burden of widows, orphans and youth. The Foundation was founded in Nigeria on 27th of August 2020 with the passion of empowering the people.

“The four day event started on Wednesday 26th at KAF Secretariat in Ile-Ife with a walk to live body fitness exercise and there was free medicals to the people. We also distributed food items to the indigent members of the society.

“Bearing in mind the economic challenges confronting us as a nation, we decided to empower petty traders by providing the sum of N20 million loan facility. We also have out scholarships to many candidates that KAF had already given free JAMB forms and they performed well in the just concluded 2024 exams.”