
Jacob’s Well Micro-credit Scheme Empowers 29 People
Studies from the Nigerian Economic Summit Group revealed that 91 million Nigerians live below the poverty line. With an additional, eight million people pushed into
Jacob’s Well is a Micro Credit Scheme powered by social trust and targeted at women.
The scheme was introduced as an add on service to the Sister Guardian Initiative (SGI) because it has been proven that women’s poverty lies at the heart of their marginalization and oppression.
This initiative provides micro-credit facilities to victims of VAW or women at risk of VAW within communities with functional SGI chapters.
Micro-credits and financial literacy trainings are offered to female-owned small businesses, to help achieve financial independence, encourage financial inclusion and reduce poverty.
Loans are administered through women economic collectives (WEC).
Beneficiaries
States
Loan Given
Several women were financially empowered to help them start small businesses
Studies from the Nigerian Economic Summit Group revealed that 91 million Nigerians live below the poverty line. With an additional, eight million people pushed into
Studies from the Nigerian Economic Summit Group revealed that 91 million Nigerians now live below the poverty line. With an additional eight million people pushed