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Check Rotary’s six Areas of Focus

Micro Credit Program

Provision of Micro Credit finance to community residents of Isolo,Lagos

Our need assessment conducted at Obada Market in Isolo, Lagos Nigeria revealed that high cost of funding practically handicapped the businesses of the petty traders. Also,the requirements needed to access the funds at the financial institutions cannot be met by the traders which falls in the category of informal sector. we came to the aid of the indigent ones by providing an interest free Micro Credit in the sum of N500,000.00 ( Five Hundred Thousand Naira) targeted at enhancing the businesses of the first set of 20 beneficiaries that would use the money for a three month period before passing it to another set of 20 people.The nature of the beneficiaries businesses are plantain sellers, pepper, meat , fish seller, carpenters, tailors, barbers , hair dressers e.t.c. It is a revolving fund.

Project location
Nigeria
Project dates
Start: 30 September 2015
End:  23 November 2015
Created: 21 June 2015

✓ This project is complete.
Project category
Community, Community economic development
Funding
Project contacts
Tosin Adebowale Kadiri, Ikeja| contact
Partners
Ikeja, Lagos State, Nigeria (Rotary Club)
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PROJECT PHOTOS AND VIDEOS

  • Uploaded by
    Tosin Adebowale Kadiri
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    Tosin Adebowale Kadiri
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    Tosin Adebowale Kadiri
  • Uploaded by
    Tosin Adebowale Kadiri
  • Uploaded by
    Tosin Adebowale Kadiri
  • Uploaded by
    Tosin Adebowale Kadiri
  • Uploaded by
    Tosin Adebowale Kadiri
  • Uploaded by
    Tosin Adebowale Kadiri

Engagement Tracker

Total volunteer hours
335
Hours
Number of volunteers
48
People
Total cash contributions
4,500
USD
Total in-kind contributions
800
USD

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