He said the tricycles would be issued out to the members on loan, payable within 12 months.
Usman said those interested in the deal would be expected to open an account with a designated bank, and make a daily return of N1, 400 until the liquidation of the N495, 000 unit cost of each tricycle.
The secretary said the association secured the N16.5 million from a micro finance bank, adding that it had set up a committee in conjunction with the bank to screen applicants for the loan.
According to him, the assiciation hopes to distribute 300 tricycles in the next two years to its members in the state.
Most Popular Stories
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- The Rise and Fall of Richard Alarcon
- U.N. Renews Demand for Gaza Cease-Fire
- Nissan Profits Rise on Growth in U.S., China
- 'Sharknado' Sequel Has Bite and Lots of Laughs
- Vancrest Assisted Living Project to Add 20 Jobs
- Pending Home Sales Slipped in June
- Shania Twain's Vegas residency ending after 110 shows
- Desktop, Laptop Setups Still King
- The 2014 Fastest-Growing 100