Undoubtedly, women are the the backbone of any community. Empowering them therefore simply means empowering the community. With the emergence COVID ’19 pandemic, businesses around the globe have been severely hit by this outbreak. While the giant businesses are cutting costs to survive, small businesses are rapidly sinking, hoping for a last minute miracle to survive the turmoil. Women led business are fearing badly from the singular fact that women in developing world takes larger responsibility for their households which in turn negatively impact their business’ cash flow—As the saying goes, cash flow is the life blood of any business.
Screening exercise for the women the intended beneficiaries of the program
Most of the market women of Apomu in Isokan Local Government Area of Osun State are struggling under the heavy hit of the corona virus pandemic. This might cripple the economic activities of the community if no measures are designed to salvage the pathetic situation. To therefore reverse this miserable trend among the Apomu market women, Olori Janet Afolabi empathically came up with an initiative that will cushion the adverse effects of the pandemic on some of the market women in the community with the launching of Apomu Women Cooperative with Lead Transformation Initiative (LTI) as the technical partner. Lead Transformation Initiative with proven capacity in women empowerment programs through its Agrogender project will deploy her intellectual and human resources to see to the success of this program. In the process coordinated by Titilayo Kemi Kings, LTI have screened the shortlisted beneficiaries on the basis of business genuinity, loan history to ascertain ability to pay back, aspiration for their respective businesses among other parameters and will also be training them on book keeping, business development, customers relation to ensure their businesses bounce back.
Inspection of some of the women business
Lead Transformation Initiative emergence as the technical partner for this empowerment program was a result of her experience in financial empowerment of rural women farmers and men in Ifedore Local Government Area of Ondo State with the organizations project Financial Inclusion. The project trained the rural farmers on financial literacy, book keeping and empowered them with interest free loan. So far, about fifty rural businesses have benefited from the scheme.