As part of programmes to mark its 23rd anniversary, Nigeria’s award winning non-banking finance institution, Rosabon Financial Services has entered into a strategic partnership with a non government organisation called Mamamoni, to empower 23 women with soft grants and capacity building.
The partnership, according to the firm, was part of its efforts to encourage women empowerment and promoting indigenous production. The women who are involved in various crafts including farming, fashion designing, soap making, fish farming and other chemical productions got the grant to further expand their businesses.
Rosabon has consistently played a critical role at driving Small and Medium Enterprises (SME) growth in Nigeria, a trend that earned it an international recognition recently, by winning an award as Nigeria’s ‘Best SME Financial Advisory 2015’ from CFI.co.
The training and provision of grant to the select women, is part of Rosabon’s commitment at supporting local business to boost local production and grow the economy.
At the cheque presentation at Satellite Town, Lagos, recently, the 23 women expressed gratitude and satisfaction for the support received from Rosabon.
Speaking on the empowerment initiative and partnership with Mamamoni, Rosabon’s CEO, Chukwuma Ochonogor said they were inspired by Rosabon’s passion for deepening access to financial services, especially as a means to tackling the menace of poverty among the unbanked.
He noted that the company championed financial inclusion in Nigeria through its several innovative products targeted at the non-banking population, adding that the partnership with Mamamoni is to continue its drive at deepening financial inclusion in the country.
According to Ochongor, “Women are becoming great players in the economy, so it is very important that they get the right empowerment. At Rosabon, we have a societal outlook and recognize the importance of working together for the greater good. We are fully committed to this project and will keep it on for as long as possible.”
He added: “This anniversary celebration is more about reflecting on our past and realizing what the future has in store for our great company while making our communities better places, hence the need for this project.”
Also speaking, Founder, Mamamoni, Nkem Okocha said: “We are very delighted that Rosabon Financial Services chose to give 23 of our women business grant to grow their businesses. With this money, they can buy raw materials in large quantity to increase their supply and this will increase their livelihood income. My prayer is that Rosabon will continue to partner with us, so we can reach more women and help them break the cycle of poverty.”