Widows receive flexible business loan

“There is a conception that men think about their personal agenda when they obtain money but women think about their family and that is why we are starting with women now.”

beneficiary widows
beneficiary widows

Tobinco Foundation in partnership with Abii National Savings and Loans (ANSAL) Limited, have organized business training workshop in Accra for 20 widows who have been assured of business loans by the two organisations to secure their livelihoods.

beneficiary widows
beneficiary widows

The workshop was held to enlighten and guide the women to choose the right business activity to indulge in that could make them earn profit as well as on how to go about their businesses.

Mr Abdul-Malik Bukari, Head of Business, ANSAL said the two organisations have decided to give the widows opportunities to rebuild their lives as part of their Corporate Social Responsibilities.

He explained that the loan has virtually no interest attached to it so that each of the beneficiaries could repay after investing it into their business within a year.

However, he said if they do not repay, then their action could block the chance of other needy persons from securing similar loans or capital to start a business for their welfare, adding that repayment would also give the beneficiaries chances to obtain bigger amount of loans from the facilities.

“For now we are giving them ¢1000.00 each to repay within a flexible time frame of six months, where each person would be required to pay ¢42.00 per week to cover their total payment,” he said.

He advised the beneficiaries to make good use of the money that would be given to them while remembering that is for business and nothing else.

Mrs Millicent Akoto, Executive Director of the Foundation pleaded with the beneficiaries not to disappoint the Foundation by acting in a manner that could collapse their businesses because it took steps to secure loans for them based on their conditions.

She urged them to consult the organisations for any advice or guidance on how to manage the businesses whenever they get stuck so that they could rebuild their lives.

Mr George Bentil, Consultant of the Foundation told the participants that they need to consider time, knowledge or skill and energy when they want to excel in business.

“The progress of every business minded person is based on how effective these three items are used and how the person manages his/her business,” he said.

He also asked them to create uniqueness in their products and services that could attract more customers to purchase theirs.

Mr Bentil urged the participants to add value to their work and as well dress decently and smartly when doing business to attract more customers in one way or the other.

As a way of comforting the widows, the Consultant said “marriage is between three people thus man, woman and God; therefore the fact that your husband’s are no more does not mean you are alone because you are being supported by the third partner”.

He also told them not to be spendthrifts especially on occasional cloths and all kind of less useful things if they want their businesses to progress.


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