Business & Economic Empowerment
The WOSSA Business & Economic Empowerment has really put a lot of smiles on the faces of widows with over two hundred crates of coca-cola drinks with various coca-cola products such as tables, coolers, umbrellas etc, for trading purposes.
Over the years, the WOSSA has empowered more than one hundred (100) widows in various businesses through funds from supporters and those who need more funds to boost their business through Soutien cooperative multipurpose Limited, the Lagos State University (LASU) Microfinance Bank and the FBM microfinance Bank with soft loans ranging from fifty (50) Thousand Naira to two hundred (200) Thousand Naira. While the widows pay back the principal sums to the Bank in six months instalments, the Foundation offsets the interests on the loans.
Furthermore, WOSSA gives “Concessional Business Grants” (CBG) to elderly widows, ranging between Twenty (20) thousand Naira and fifty (50) Thousand Naira, for their petty trading. However, these categories of widows are not expected to pay back money given to them.
