ADELDI supports 5 MSMEs with loans. To give out soft loans to 100 prospective entrepreneurs
ADELDI believes that stimulating the MSMEs in the northeast is the best alternative to rebuilding a post insurgency environment and not just mere handouts which rubs people of their dignity and pride
A Maiduguri based Non Governmental Organization (NGO) known as the Amina Dikwa Entrepreneurship and Leadership Development Initiative (ADELDI) which was started in honor of the late mother of Dr. Mohammed Kyari Dikwa to provide entrepreneurship training and leadership values to youths across the northeast region of Nigeria has given out loans to some Micro, Small and Medium Enterprises in the region.
The Chairman of the Board of Trustees of the Organization, Dr. Abubakar Mohammed Sani said that this development became necessary because MSMEs have neglected by both the government and INGOs and these MSMEs are the only sure path of getting young people in the region out of joblessness and social vices. “ADELDI believes that stimulating the MSMEs in the northeast is the best alternative to rebuilding a post insurgency environment and not just mere handouts which rubs people of their dignity and pride,” said Dr. Sani.
According to the Director of Entrepreneurship and Skills of ADELDI, Mr. Ibrahim Goni, five MSMEs were selected and given soft loans ranging from 100,000 to 500,000 by ADELDI. “We have given out loans to small scale baker known as Dandranbi Enterprises, a commercial transport business, the Smallholder Empress Integrated Services, Yerwa Agro Allied Ventures and Karma Beauty Services. These businesses are spread between Borno and Adamawa state. We are hoping to enroll more MSMEs into this project. At the moment we are collaborating with the Bank of Industry to give out loans to 100potential entrepreneurs in Borno state,” said the Director. He added that, “ ADELDI will try to accommodate people of different strata and backgrounds provided that they are residing in the northeast, especially Borno, Yobe and Adamawa state.
When asked to comment on some of the challenges confronting the newly registered NGO, Mr. Goni said that the major challenge confronting the scheme is lack of enough funds. “Our major challenge is lack of funds to carry more people on board. We also lack equipment like utility vehicle to visit the local governments and hinter lands to reach out to locales with this support. But this is a task we must accomplish. And Insha Allahu, we will do it well. We have already communicated to people via TV and the social media to go and apply through website www.adeldi.com.ng.”
Ali Baba Adam, one of the beneficiaries who got the soft loan said that ADELDI came to his aid when no bank,government or individual was willing to offer him help. “I will try to make good use of this money and pay back insha Allah,” said Adam. Also, Daniel Drambi, the proprietor of Dandaranbi Enterprises, the only MSME to get the loan from Adamawa said that the 500,000 given to him by ADELDI has given hope that life is worth living and the northeast can be revived. “I must say thank you to the organizers and sponsors of ADELDI because of this support given to me without any collateral and interest free. God bless ADELDI.”