Story highlights Terror group targeting entrepreneurs in the country's troubled northeast

If they fail to pay the loan, their options are either join Boko Haram or get killed

(CNN) Boko Haram is luring young people by giving them loans as a bait for membership, the Nigerian military warned.

As part of the "clandestine dispensation," the terror group is offering loans to young entrepreneurs in the country's troubled northeast as part of recruitment, the military said in a statement Wednesday.

Butchers, traders, tailors, beauticians and other vocational entrepreneurs are major targets of the "unholy business engagement," it said.

"After such loans, the beneficiaries are given the option of either joining the group or risk being killed if they fail to pay the loan as at when due," the military said. "The payment has been surreptitiously programmed to fail by the benefactor, the Boko Haram."