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GBF Entreprenuership Program: Credit Guarantee Scheme

NLNG Credit Guarantee Scheme

Date: 2008 – 2010

 

Funder:  Nigerian Liquefied Natural Gas (NLNG)

 

Status: Completed

 

Impact:

– Over 4,000 clients supported through 383 cooperatives trained between 2008 and 2010

– Cumulative savings of N53,318,620 recorded during the period

– 63 groups with 745 members empowered with 4million for business expansion

– 90 percent recovery rate recorded

– Over 340 cooperatives currently operate a bank account

 

SDG Advanced: GOAL 1: No Poverty, GOAL 2: Zero Hunger, GOAL 5: Gender Equality, GOAL 8: Decent Work and Economic Growth,