Community Development Foundation, Nigeria

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Wholesale Micro Credit

The Nigeria LNG Limited (NLNG) is a company operating in the oil and Gas sector of the Nigerian economy. The company was incorporated to produce and export LNG and also help to put out gas flares in the Niger Delta. NLNG core operations are located in Bonny Island and Finima communities but ultimately, it is exposed to over 100 communities through the supply pipelines of its gas transmission system (GTS). As part of its contribution to the development of the host community, NLNG instituted a N500 million Micro credit Scheme. The goal is to reduce poverty, improve living conditions of the beneficiaries through a combination of micro finance, capacity building & business support delivery platforms.

 

In operationalizing the micro credit scheme, core competencies were sought to drive a user-friendly intervention program that involved the CDF a the tripartite partnership to promote economic and income generating activities that will reduce poverty and generate business frontiers in not less than 300 groups across 100 host communities.

 

 

At closeout of the first phase, 247 groups were served with a total loan volume of N100.7m with CDF achieving a loan recovery rate of 77% in the Niger Delta. As at August 2006, the CDF have trained 268 organizations covering 532 participants in group management, financial and credit management since the inception of the program. CDF continues to implement the NLNG micro-credit scheme in the consolidation phase of three years.

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This is wishing all our MCP Participants Success in their Certification Examination come October 2015.   from all of us @ Community Development Foundation Training School. 1, Kayode Odusola Crescent Along CMD Road, Beside Caleb Nursery and Primary School Ikosi GRA, Lagos..For further enquiries. Please call: Adelaja on 08032150028,08183183554 or Patience on 08060510654.
Mission Statement   ~ "To be an enabling foundation, supporting institutions that facilitate the socio-economic development and self reliance of the poor in a sustainable manner."
Vision Statement    ~ "“To be a leading development organization for sustainable livelihood"
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