Posted by Elizabeth Edozie on Sep 01, 2020
Over 200 women in Amuwo and Ojo Local Government Areas of Lagos state have benefited fro Rotary Club of Amuwo's annual micro credit grant project.
The project which is aimed at allieviating poverty by providing self financial sufficiency and education for women in Amuwo Area of Lagos state is a matching grant project by the club, sponsored by Rotary Clubs of Waunakee and Madison West Towne Middleton, USA, and supported by Rotary Districts 9110 Nigeria, 6250 Wisconsin USA, and The Rotary Foundation.
The project started with seed fund of US$12, 260 which equals about N1, 635, 959 in September 2005 and has granted a total of N20, 155, 000 to 236 women belonging to credit groups called Women United Against Poverty. The loan fund has continued to grow and at present, stands at about N3.5million.
The project has provided micro credit loans, education, and training in customer care, basic literacy and numeracy, child spacing and HIV/AIDS prevention.
This year's beneficiaries of the grant, ten in number, were presented a total sum of N1, 710, 000 during the official visit of the District Governor, Bola Oyebade to the club on Monday, August 31.
Speaking on the grant, the Club Project Director, Nwanne Pius Udeh revealed that this Rotary year under the leadership of the Club President, Nelson Edohore, the club plans to disburse a total of N3.2million which will be carried out in two batches due to the COVID-19 social distancing guideline.