By Anozie Egole

LAGOS—No fewer than 10 small scale business owners were recently empowered by the Rotary Club of Omole Golden after they were given N50,000 credit facility to improve their businesses.

It was the second tranche of an interest free micro-credit scheme established by the club to assist young Nigerians boost their businesses and it is coming after the first set of 10 beneficiaries had obtained the loan late last year.

Speaking at the ceremony held in Ogba, the President, Rotary Club, Omole, Mr. Idowu Afelogun, said the intervention fund which has grown over the years was meant to give small businessmen suffering from cash flow crisis a new lease of life.

“We have found out that so many young persons have had their dreams cut short as a result of lack of funds. So many others who could afford to start their businesses do not have the capital to move their business forward. That is why we decided to set up a micro-credit scheme to assist anyone in business. The club also engaged in vocational and skill acquisition training and some of its graduates have also benefited from this scheme.

“Each of the beneficiaries is expected to pay back the credit facility in six months and this facility is open to all beneficiaries who faithfully repaid.”

According to Idowu: “This is a continuation of the club’s investment on eradication of illiteracy and supporting public school pupils in their quest for qualitative education.

“The club also handed over a block of classrooms they rehabilitated this month. The club also de-wormed over 400 pupils of the school as part of the intervention to ensure good health status of the pupils.”