As part of efforts to encourage small scale businesses in Delta State, the Rotary Club of Effurun G.R.A has empowered thirty traders with one point five million naira to boost their businesses.
President of the Rotary Club of Effurun G.R.A Kenneth Iyere said the Micro credit interest free loan of fifty thousand naira each were given to indigent traders in the area to enhance their small scale businesses and also assist their families.
“30 persons were beneficiaries of our micro credit interest free loan, 50,000 was given to them each. The gesture is part of Rotary International’s community economic development area of focus, as we are touching lives by empowering people in our immediate communities. This is our club star project since 2015, on this consolidator year as President I decided to increase the number to 30 persons because the hunger in the land is much”, Iyere said.
While congratulating the beneficiaries, past Rotary International District 9141 Governor Ikponwosa Ogiemudia said Rotary members are passionate about providing sustainable solutions to poverty.
“Our members and our foundation work to strengthen local entrepreneurs and community leaders, particularly women, in impoverished communities. Rotarians also create opportunities to help individuals and communities thrive financially and socially. I congratulate you all an advice you judiciously put your loans into proper use for the purpose it was meant for”, PDG Igemudia stressed.
On her part, Rotary International District 9141 Assistant Governor Zone 16, Mfon Otite-Douglas said Rotary clubs all over the world work with communities to enhance economic and community development.
She said “studies have shown that a mere 1% investment in human resources such as education and training will lead to a more than 66% decrease in poverty. The Rotary Club Effurun GRA is supporting entrepreneurs and small businesses in developing communities, because they believe that the success of local business can multiply employment opportunities in the community. So don’t be carried away by the festive season and wrongly use this loan given to you all”.
Our correspondent Precious Ahiakwo-Ovie reports that Chairman, Micro-Credit committee of the Rotary Club of Effurn GRA Abodarin Clement tasked the beneficiaries not to disappoint their guarantors by making good use of the money so as to enable others to benefit from the scheme.
