The Lotus Capital Women’s Empowerment Scheme is an empowerment scheme supported by LOTUS CAPITAL LIMITED and Implemented with the support of FATE Foundation.
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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.
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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).
