Determined to ensure the financial and economic inclusion of women in society, a non-governmental organization, Dr Rhoda Makinde Initiative (DROMI), has launched an interest-free loan program to support no less than 600 women in small and medium-sized enterprises in Ondo State.
The interest-free loan program which is tagged “Let my hands be enough” is the third phase of such a loan initiative of the organization created for the development and economic empowerment of women.
In her opening remarks, the Head and Executive Director of the organization, Dr. Rhoda Makinde, appreciated her husband, The Honorable Abiola Makinde, Member representing the Federal Constituency of Ondo East/Ondo West for his unwavering support and deliberate to the development of women.
She explained in her words that the essence of setting up the interest free loan, “is to economically support women who are small and medium enterprises as she believes that the majority of existing businesses and start-ups would thrive and would grow rapidly. if supported with necessary interest-free loans in repayment plan; and this lending program is part of DROMI’s projects in line with women’s financial and economic inclusion, a ten-year project promulgated by the African Union (AU) in 2020.”
She also pointed out that the program was personally funded with the support of her husband and not funded by the government by charging the recipients to deploy the loans for their business growth and not on other social needs.
Some of the beneficiaries, Ms. Catherine Idimah and Ms. Beatrice Akinlami, who expressed their appreciation to the organization for the gesture of empowering struggling women in society, assuring the management that they would be diligent with the funds to develop their businesses.
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NGO offers interest-free loans to 600 women in Ondo