NADEV INITIATES LOAN SCHEME IN MEME

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Group picture after NWOCA Loan Scheme workshop

As one of its mission to improve livelihood of the rural and urban underprivileged and marginalized, especially women and youth, Nkong Hill top organized a sensitization workshop on the Nkong Women Entrepreneur Project at MEME in a bid to provide loans through its Micro finance arm NC4D to women with business initiatives in order for them to sustain their businesses. This brief workshop took place in Kumba, on the 31st of January 2013 at the Women Empowerment centre. The workshop was attended by a good number of women who identified themselves in their various meeting groups such as; organized widows, central women, Bali women, Batchuntai women, SECUDA women amongst others. A total of fourteen social groups were represented.

The women expressing their joy, received the NADEV delegation with songs of welcome. During the workshop, the women were educated on the loan scheme. They were informed that, in order to receive the loan, you should first of all be a business woman, belong to a group of five persons, she must be a member of a known cultural group, she must live in the community, she must participate in training and meetings before and during project period, aged between 20-50, pay group loan form and pay an upfront five thousand francs pre-beneficiary fee. The women were also cautioned on the fact that before these loans are issued; their various businesses will be checked in order to be sure that their business will be capable of refunding the loan within the given period. In order to effectively educate the women, NADEV promised to organize a two-day workshop during which the women will receive detailed training on how the loan scheme operates. There was also provision for women to clear their doubts by asking questions.

More to the loan initiative, the workshop was also aimed at informing the women that NADEV also makes provision for group marriages at a very affordable rate. The women were told with ten thousand francs, have your civil wedding and receive a gift, light refreshment and a general cake. In order to be eligible, interested couples are to present; copies of their birth certificate, four passport size photographs (two for each), and four witnesses.

At the end of the workshop, the women were divided into groups of eight and each group had a question to answer after which they all presented their answers. After the workshop, an evaluation routine was conducted and the participants gave their remarks and recommendations for future meetings. The workshop closed with the sharing of launch packs to participants    

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