HAMDROMI flags off the third phase of Interest-Free loans for SMEs and female entrepreneurs.

HAMDROMI flags off the third phase of Interest-Free loans for SMEs and female entrepreneurs.

......Encourages them on how to save and make more profit in their various businesses.

On SDGs 1 and 2, No Poverty & Zero Hunger, the creation of interest-free loan scheme for market women and business people has lifted more than Five thousand market women out of unemployment and has empowered them to live more productive lives. In 2020, You will recall that this same empowerment scheme has provided thousands of women artisans with different equipments such as sewing machines, hair dryers, grinding machines, freezers, gas burners, make up kits, hair dryers, soap making chemicals and many more during one of the biggest women summit which has provided jobs for women across many cities and communities.

The third phase of giving out loans without interest is one of those few ways to encourage profitable and stable businesses in time like this. One of those initiatives to ease the financial burden resting on the shoulders of market women, small and medium scale (female) entrepreneurs is to give financial support to run their businesses, and this is exactly what Hon. Abiola Makinde and Dr. Rhoda Makinde Initiative has been doing over the years.

As part of local and international efforts towards the achievement and actualization of the Sustainable Development Goals, also in agreement with the African Union Financial and Economic Inclusion of Women, Dr. Rhoda Makinde Initiative in partnership with Hon. Abiola Makinde flagged-off the third phase of the Interest-Free Loan for SMEs on the 22nd Day of July, 2022.