Micro-credit & Grant

GCCYF has a project called Household Economic Strengthening (HES), which is an OVC project aimed among other things to reduce the economic vulnerability of families and empower them to provide for the essential needs of the children in their care through

• Money management interventions for savings, access to consumer credit and fostering knowledge and behavior for the better family financial management.
• Integration of H.E.S activities with complementary interventions, such as parenting skills.
• Income promotion using low risk activities to diversify and stimulate growth in household income.
• Market driven vocational training.

Need and fields assessment was carried out on all beneficiaries to ensure that the informations they gave were appropriate. Also there were various trainings on book keeping, better parenting and saving which helped to boost the awareness of the beneficiaries.

It is a non-interest loan grant and GCCYF has disbursed to two batches of widows and caregivers. The first batch were 10 beneficiaries and a total sum of N190,000 was disbursed. The second batch has a total of 12 beneficiaries and a total sum of N305,000 was disbursed, giving us a total of 22 beneficiaries and a total sum of N495,000 disbursed.

From this project, the beneficiaries testified that indeed the grants were worth it and helpful to them and it really assisted them in their businesses. One of the beneficiaries said she was able to save a total of N150,000 within the period of disbursement and remission and this is our success story and even though we have had series of challenges, the project has always been successful.