PRESS RELEASE: BOI-KOWGO DIGITAL FINANCIAL AND BUSINESS CONNECTIVITY PROGRAMME FOR ENHANCED VISIBILITY AND IMPACTS

Despite the fact that over 48% of informal micro-businesses are run by women, they have less productive resources and capital.

Women Arise Development and Humanitarian Initiative (WADHI) in partnership with the Bank Industry (BOI) held a visibility and impacts programme on Friday 21st June, 2019 at the Arts and Culture Event Centre Area 10 Abuja. The purpose of the event was to enhance the profile of results achieved to date among beneficiaries and stakeholders in the use of “KOWGO” app and to present GEEP loan certificates to first batch of “KOWGO Smart” beneficiaries for expanded buy-in and impact.

 “Kowgo”, is a holistic technology-based, gender friendly, easy to use online/offline Mobile Application, a tool to enhance financial inclusion of formal and informal Micro and Small-scale entrepreneurs across sectors. KOWGO (a hybrid Nigerian word for money-Kudi, Owo, Ego) helps users to generate genuine, real-time business documentation, provides framework for Business Performance Diagnostics and helps generate Business Health Status Report while also providing simple financial literacy modules and business management platform that is continuously accessible anytime and anywhere as an offline service, making it user friendly for rural communities.

Speaking at the event, Mrs Esther Eghobamien Mshelia- Convener, WADHI and innovator of the “Kowgo” app mentioned that WADHI’s work is inspired by the need to respond to the knowledge, access & skills gaps. Also present at the visibility and impacts event is the Senior Commercial Officer, Federal Ministry of Trade and Investment, Mr. Bode Agboola, he reiterated that the door of his office is always open for information and clarification.

Other personalities present at the event were Hajia Aisha Baba Ringo, the first Vice-President National Council of Women Societies (NCWS), Temitope Owolabi, BOI, Mrs Hart Uta Agnes, Director Gender Development of the Social Development Secretariat of FCTA, Dr. Jimson Olufuyi former chairman, Africa ICT Alliance and CEO Kontemporary Konsulting Limited.

Presenting the N50,000 loan certificates to 78 small and Medium Entrepreneurs  beneficiaries was Mrs Temitope Owolabi, Micro Enterprise Division, BOI, she encouraged beneficiaries to utilize the loan judiciously on their businesses. In addition, Ms Tope urged them to maintain clean financial integrity to avoid credit rating and mentioned that intended entrepreneurs who would want to secure loans should endeavour to set up businesses in order to facilitate credits.

Presenting the N50,000 loan certificates to 78 small and Medium Entrepreneurs  beneficiaries was Mrs Temitope Owolabi, Micro Enterprise Division, BOI, she encouraged beneficiaries to utilize the loan judiciously on their businesses. In addition, Ms Tope urged them to maintain clean financial integrity to avoid credit rating and mentioned that intended entrepreneurs who would want to secure loans should endeavor to set up businesses in order to facilitate credits.

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