Economy

FANSIE Foundation Resuscitates Businesses in Ibadan

By Rotimi Famakin

It was a dream come true for eight women whose businesses have been struggling as FANSIE Hope and Heritage Foundation founded by Dr Ngozi Egbuchulam supported them with thirty thousand naira each.

The programme was held at the Academy Suites, Ososami area of Ibadan. The petty traders, selected within the Ibadan metropolis, were given a revolving non-interest loan to trade for one year before handing the money to other selected traders who needed such financial assistance.

Some of the traders who narrated their experiences said their businesses had suffered financial setbacks, stressing that their plight was further compounded by inflation.

The beneficiaries who appreciated FANSIE Hope and Heritage Foundation for the support, pledged to make good use of the fund.

We thank Dr Egbuchulam for the financial intervention.  We will make good use of the money in our business to further enhance our business”

The facilitator, FANSIE Hope And  Heritage Foundation, Dr Ngozi Egbuchulam, said the funds were a non-interest loan designed to reflect the objective of the  foundation, which she noted was to bring hope to hopeless women

 “The objective of FANSIE Hope and Heritage Foundation is to bring back your hope on what God has destined for you. God has destined this programme to benefit you all that are here today“.

Dr Egbuchulam encouraged the beneficiaries to be diligent and make judicious use of the money to achieve progressive change in their businesses.

Let them see that a drop of water has dropped in the front of their house, that is likely to make a mighty ocean. Not the ocean that will sweep them away, but the ocean that will become a tree of life and affect other people’s lives.”

She said the foundation had been in existence since she was in school, noted that the project was initially named Beta Lyf and later changed to FANSIE Hope and Heritage Foundation training over fifty youths on vocational skills and had supported over one hundred petty traders.

The facilitator said the vision of the foundation was to elevate women and youth out of poverty.

My vision is that in the in the next 100 years come, most people would have been thrown off from poorest of the poor level that makes them to do certain things  they ought not to do that they do out of hunger.

“My projection is that our youths will have something to be proud of on their own without depending on anybody.”

Dr Egbuchulam, who noted that the project was not established to gain political relevance, however, expressed readiness to serve the nation when called upon.

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