Business
Group Launches Micro-Credit Scheme For Nigerians
A Port Harcourt-based Non-Governmental Organisation, Prime
Life Support Initiative, has launched Economic Empowerment (EE) Micro Credit
Scheme for the public.
The Controller-General of the organisation, Mr Erick Nutsu
who introduced the scheme during a workshop in Port Harcourt, said that the EE
programme is one of the several initiatives by the organisation to improve the
lives of the people.
He said that beneficiaries of the scheme who must be
registered members of the group that contribute 60 per cent equity of the sum.
According to him, the intending beneficiaries must have
three guarantors.
Mr nutsu further said that the organisation which is also
affiliated to Cambridge International College, United Kingdom has helped many
Nigerian students to enroll for various programmes in the college.
Also speaking, the Rivers State secretary of the Association
of non Bank Micro Finance Institutions of Nigeria, Mr Akundu Godwins who spoke
on challenges of providing sustainable micro-credit, said that micro credit is
necessary for the growth of small business in the country.
Mr Godwins however listed the challenges of obtaining loans
in the bank to include lack of collaterals, proximity among others and stressed
the need for banks to decentralise their activities to rural areas.
Also speaking, the representative of Mainstreet Bank, Mr
Onoha Gabriel said that micro credit provides the avenue for people to grow
their businesses while describing micro credit as an essential element of
economic growth, Mr Gabriel stressed the need for businesses to make use of
micro credit scheme to improve their condition.
Also speaking, Mr Ademola of GT Bank stressed the need for a
well cut out plan for intending beneficiaries of micro credit scheme.
He also commended the management of Prime Life Support
Initiative for the programme which he said would provide opportunity for people
to grow their businesses.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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