COMPOUND SUPPORT SCHEME - BTA FOUNDATION NIGERIA

COMPOUND SUPPORT SCHEME (CSS) - BTA FOUNDATION NIGERIA

If you can provide a community a borehole but not empowered to ensure it is maintained, within a short space of time the resources provided will be unproductive or fade away.

Poverty eradication is a very complex process that needs concerted effort. This calls for all players to be involved in facilitating this process. With reference to the definition of empowerment, people’s capacities will be increased to be able to become players in the development process.

What is needed is that in order to fight poverty, no one should be passive and relaxed. However, many people due to the situation they are in that renders them vulnerable, are unable to access resources that could help them produce; left alone they are unable to get employment. Empowering the prospective of producers and entrepreneurs would help create jobs and would also increase productivity meaning individual food and financial security will be enhanced. This will result in families better able to access health, education and other basic necessities while contributing also to national development.

In a bid to butress this, small scale businesses which deals in daily income sales shall be supported with access to finance to enlarge their businesses and establish new ones towards a greater profitability, which would give room for the self reliance of the people.

It shall be a compound scheme, and each compound in every town enlisted in the CSS initiative shall form groups within their various compounds who shall elect executives and access funds at BTA Foundation to boost and establish businesses that would see to their self sustenance.

i.                    This category comprises of petty traders, Okada riders, shop owners, Commercial drivers, market men & women and other categories of persons or traders that shall thereafter be added.

ii.                 An applicant for CSS must have a specific skill or business that is viable economically and visible, and makes daily income, but need financial support to grow optimally.

iii.               He / she must join a CSS Compound group of BTA Foundation.

iv.               He/she must be credit worthy, recommendable, trustworthy and be willing to be enrolled under the Scheme.

v.                  He /she must have the vision to be financially self reliant.

vi.               He/she must be hard working and goal driven.

vii.             He /She must be willing to take micro credit, utilize the loan wisely and profitability.