The Rotary Club of Ikoyi, District 9110, Nigeria recently gave a one million Naira (N1M) micro-credit support to traders who are members of the Sura Market Traders Association at the Westood Hotel, Ikoyi, Lagos.
Presenting the cheque to the leaders of the traders, Dr. Adewale Ogunbadejo, the District Governor, District 9110, noted that the Club’s commitment to selecting and executing projects that touches live has helped greatly to empower the less privileged people in the society.
Ogunbadejo urged the traders to utilize the loan properly and ensure that those who benefit reciprocate the kind gesture by using the loans to enhance their business and ensure a quick turnaround. “This will enable more market men and women participate in the micro credit scheme, to improve their businesses and better their lives and those around them”, he said.
The investment, according to the President of Rotary Club of Ikoyi Isichei Osamgbi, was aimed at impacting positively in the life of the beneficiaries noting that Rotarians, traders as well as the market leaders and delegates from the supervising financial institution, Boctrust Microfinance Bank were fully committed to the delivery of the micro credits early in the Rotary year to enable more people benefit, by providing them capital for their business.
Osamgbi said the micro credit scheme was one of its strategic Projects for the 2017/2018 Rotary year and noted that the project was born out of thoughts of Club Members that the traders needed all the financial support they can get to help grow their businesses in the present economic times.
In his response, on behalf of the Traders, the Market Leader (Baba Oja), Mr. Wahab Adeyemi Fashina thanked the Rotary Club of Ikoyi for the commendable gesture directed towards them.
He promised that the traders would do their best to put the fund into good use and uphold the trust and faith reposed in them, noting that if most non-governmental organizations join hands to do good in the society like the Rotary Club of Ikoyi, life will be better for Nigerians.