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Promasidor supports 60 families with microcredit

Promasidor Nigeria Limited has provided succour to more than 60 parents of children living with disabilities through its low-interest microcredit scheme christened, We Too Can Grow, in advancement of its corporate social responsibility (CSR) policy. CPS enrollees hit 8.41m The scheme is in partnership with Children’s Developmental Centre (CDC), which supports children and young adults with disabilities.

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It has benefitted five cooperative groups to which these families belong, with 3 (three) more to receive grants. Promasidor initiated the scheme to provide funds to the co-operative groups located in Lagos and Ogun States through CDC, and is facilitated by Surbpolitan Microfinance Bank.

At a ceremony held for the cooperatives in Lagos, Project Director, Delphine Misan-Arenyeka, stated that the company has shown that it cares for children as well as young adults with disabilities. She said a lot of progress has been made and that other groups would also get the funds after undergoing training with the Community Development Foundation (CDF), which is in charge of capacity building in partnership with CDC.

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The trainings are for proper organisational development, which involves conflict management, credit and financial management and entrepreneurship. Misan-Arenyeka added that four of the five cooperatives that have benefitted from the scheme are in Lagos, while one is in Abeokuta, Ogun State.

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