Rotary Club of Falomo in Lagos State has empowered no fewer than 20 women, under the auspices of the Police Officers Wives Association (POWA), to boost their petty businesses.
The club said the yearly interest-free micro-credit scheme, worth N1 million, would enhance the businesses of the beneficiaries.
Also, the Service Project Director of Falomo Rotary Club, Mr. Ibrahim Sule, said: “The driving force behind the project is to empower the women so that they can have start-up funds for their businesses. We expect them to use the money wisely to the benefit of their families.” Similarly, the POWA Market Leader of the Barracks, Nkechi Ezeofor, said the empowerment would enhance the growth of their businesses.
“We approached the Falomo Police Barracks chapter of POWA and we had the first scheme rolled out in 2021 with 10 beneficiaries getting N50, 000 each. Following the success of the pioneer scheme, we decided that we would be increasing the fund each year. So, this year under my leadership, we have increased the portfolio to N1m with 20 beneficiaries. The beneficiaries got N50, 000 each and it has no interest.
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