No fewer than 300 women who are female breadwinners, single mothers, widowed, and divorced mothers were empowered by the Senior Special Adviser to the Delta State Governor on Small and Micro Enterprises cum House of Assembly aspirant for Warri north State Constituency, Orode Uduaghan, recently.
The financial empowerment programme saw women who qualified to be beneficiaries were in attendance at Koko, the administrative headquarter of Warri north local government area of the state on the 15th of April.
The programme provided beneficiaries with access to loan with an interest rate of only 2.5% monthly and access up to N3 million without collateral.
Beneficiaries also enjoy a savings product with target savings which provides access to a free hospital cash insurance policy and scholarship for a child.
To execute this, Orode collaborated with organisations that have been intentional about bridging the poverty gap and helping more women access the support they need. They include LAPO Microfinance Bank (LAPO MfB) and Wevvo Nigeria.
LAPO MfB is a pro-women organization, which has sustainably helped women access micro-credit facilities and free social advocacy services in health, education, legal aids, and skills acquisition. Wevvo Nigeria is a community-based platform that supports female breadwinners across Nigeria, providing them with access to finance, capacity development, and a safe space to thrive.
According to Weyinmi Eribo, the founder of the Wevvo Foundation, these solutions were designed exclusively for female breadwinners in partnership with the LAPO Microfinance Bank.
Speaking at the event, Orode Uduaghan said “As we meet more women where they are, we grant more female breadwinners the financial freedom to improve their lives and livelihoods.
Through this targeted collaboration with the Wevvo foundation and LAPO Microfinance bank, I am optimistic that the financial inclusion gap is positively impacted in Delta”.
Orode Uduaghan has been a consistent advocate for improving the quality of life and increasing financial accessibility and literacy for women, and this has been evident through projects such as the Rubies Vocational School and Seeds Nigeria.
Lastly, Orode reminded all of the importance of financial inclusion for women. She stated that women represent up to 50% of the Nigerian population and deserve to be prioritized during socio-economic renovations.
She expressed her gratitude to the event partners and all the attendees who are intentional about improving the financial prospects for their families and communities.