Lotus Capital Women’s Empowerment Scheme
The Lotus Capital Women’s Empowerment Scheme is an empowerment scheme supported by LOTUS CAPITAL LIMITED and Implemented with the support of FATE Foundation.
AAAAAAAAAAAA
The Scheme was targeted at widows and single income females bearing sole income generating responsibilities for their families/households. The subscribing organizations were: The Federation of Muslim Women’s Associations in Nigeria (FOMWAN) and Muhtadeen Islamic Foundation (MIFO).
In implementing this empowerment scheme was a boot camp session which held on Thursday 12th April, 2018. The session was facilitated by Fayo Williams, Managing Consultant Simply Exponential Consult Ltd. The training focus areas were:
- Basic Financial Book Keeping
- Customer Service
- Goal Setting
- People Management
There was a practical session on financial book keeping and a role play on customer service.
AAAAAAAAAAAA
A total of 28 applications were received. The applicants were interviewed by a four-man panel and the lot was further shortlisted to 17 women as eventual beneficiaries of the scheme. The loan disbursed to the women ranged from #50,000 to #100,000 each, making the total loan disbursed; one million two hundred and fifty thousand Naira (#1,250,000.00) at 0% interest rate over a loan tenure of 12 months.
In attendance for the session were:
- Hajara Adeola; MD/CEO Lotus Capital Limited,
- Lateefah Okunnu; Director Lotus Capital Limited,
- Adenike Adeyemi; Executive Director FATE Foundation and
- Amina Oyagbola; Director Lotus Capital
- Executives of the Federation of Muslim Women’s Associations in Nigeria (FOMWAN) and Muhtadeen Islamic Foundation (MIFO).
Recent Posts
- BRP WAS THE SOLUTION I WAS LOOKING FOR
- HOW THE BUSINESS RESILIENCE PROGRAMME GAVE ME WHAT I WAS LOOKING FOR
- ADENIKE ADEYEMI, EXECUTIVE DIRECTOR, FATE FOUNDATION FROM LAGOS NIGERIA NAMED GOOGLE.ORG LEADER TO WATCH
- Turning Challenges into Opportunities: The Inspiring Journey of Charity Mehara and STOCK-UP
- With support from Google.org, FATE Foundation Launches Programme for Women Micro-Entrepreneurs in Nigeria, Kenya, and South Africa
Categories
Recent Comments
- Yetunde on 2022 FATE Foundation Impact Report
- Deborah sier peter on With support from Google.org, FATE Foundation Launches Programme for Women Micro-Entrepreneurs in Nigeria, Kenya, and South Africa
- Stephenei on Policy Paper on the Revised Cash Withdrawal Limit: Implications for Nigeria’s Small and Growing Businesses
- Anthony on Setting up a plastic waste recycling business in Nigeria
- FATE FOUNDATION on 2021 State of Entrepreneurship in Nigeria Report