Trainings for small business owners and the allocation of microloans in Ibadan, Nigeria
A good and detailed preparation pays off. Immediately after approval of the project funds, the project work was started on site in April 2015.
The project has since been executed two different series of training on maternal / child health and on small business entrepreneurship according to plan .
The project participants are trained in four groups of 20 persons by medical specialists of the “Oyo State Ministry of Health”. It will be explained both concrete basics for pregnant women (nutrition, risk factors, birth preparation, etc.) as well as the general meaning of family planning. Topics such as vaccinations, malaria prevention and the treatment of childhood diseases are also on the agenda. The seminar has also been visited by representatives of local media, both radio and print media.
The seminars on small business entrepreneurship are held by lecturers from the local microfinance company “SeedVest” in conjunction with the local Rotarians. Here is a focus on practical tips, such as the correct management of a bank account and the separation of private and business resources. The second part deals with more general topics such as innovation and risk in business.
In both seminars, the participants will be provided with a lunch, the journey is organized or the necessary costs are covered.
Upon successful completion of the training, the participants will receive a micro-loan of approximately $ 300 to start their own small business.
The approximately 500 project participants so far have repaid the microcredits granted to almost 100% each.
The on-site project team, led by Past Assistant Governor Stella L., consists of members of the eight local Rotary clubs in Ibadan-West. supported by four past-district governors. As an international partner the Rotary Club Limburgerhof/Vorderpfalz is responsible for the supervision of the project execution.
A detailed report by the Nigerian project manager, Stella L., can be found here.