No fewer than 10 small-scale business owners were, last Friday, empowered when they were given N50,000 credit facility each, by the Rotary Club of Omole Golden to improve their businesses.
It was the second tranche of an interest free micro-credit scheme established by the body to assist young Nigerians to boost their business and it came coming after the first set of 10 beneficiaries had obtained the loan earlier in September.
Speaking at the ceremony, held at Excellence Hotel, Ogba, Lagos, the Club’s President, Mr. Idowu Afelogun, said the intervention fund which had grown over the years, was meant to give small businessmen, suffering from cash-flow crisis, a new lease of life.
“We found out that so many young persons have had their dreams cut short as a result of lack of funds. So many others, who could afford to start their businesses do not have the capital to move their business forward. That is why we decided to set up a micro-credit scheme to assist anyone in business,” Afelogun said.
Afelogun said the Club also engaged in vocational and skill acquisition training and some of its graduates had also benefited from the scheme.