The Tobinco Foundation, the charity arm of the Tobinco Group has held an enterprise management orientation workshop for prospective beneficiaries of its micro-credit and loan scheme project in Accra yesterday.
The workshop, which aimed at improving the capacity of the prospective beneficiaries, mostly widows, introduced the participants to effective bookkeeping, financial management and business development concepts.
The loan scheme, which is being rolled out in collaboration with Abii National Savings and Loans, a subsidiary of the Tobinco Group, is to achieve the vision of the foundation by helping to financially strengthen the poor and vulnerable in society
Mrs. Millicent Akoto, Executive Director of the foundation, opening the workshop, said the orientation was to pave the way for the provision of loans to about 25 widows to undertake income generating activities.
The essence of the orientation, she said was to ensure that the beneficiaries were equipped with the skills to manage the funds to be able to pay back.
“This will support the growth of family economies and increase self-employment opportunities,” she said, adding that the aim of the scheme was to prevent the situation where widows become liabilities on society.
George Bentil, a non-formal educator and loan management consultant, who took the participants through aspects of the training, urged the women to be disciplined and dedicated to their businesses.
Abdul Malik Bukari, Head of Business Development at Abii National also reminded the beneficiaries of the need to work with the funds and yield enough profits to repay the loans for others to benefit.
By Edmund Mingle