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29.04.2011 Business & Finance

50 palm kennel extraction entrepreneurs receive credit facility

By GNA
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April 29, 2011
Ahinkofi (W/R), April 29, GNA — Daasgift Quality Foundation (DQF), a non-governmental organization, has provided GH¢15,000 micro credit facility to about 50 members of the Ahinkofi Palm Kennel Extraction Association to beef up their working capital.

The Foundation also provided other facilities such as improved stoves, electric powered milling machines, palm kennel crackers as well as training in basic business management skills to the members.

The Director of DQF, Mrs Gifty Baaba Asmah, said at the inauguration of the facility at Ahinkofi on Thursday that it had provided GH¢531,301 micro credits to 2,040 micro entrepreneurs with 96 per cent of them being women in five districts in the region.

She said it was searching for development partners to provide structures for shelter and marketing opportunities for the sale of the Association's produce.

Mrs Asmah observed that there were thousands of vulnerable women entrepreneurs in deprived areas, who seriously needed assistance to enhance their businesses, but did not have anyone to fall on.

The DQF Director, therefore, called on the Government and other state institutions to review their development strategies, especially those that affect women so as to achieve the objective of increasing females' participation in governance.

Daasgift Quality Foundation is a community development non-governmental organization established in 2006 with microfinance as its core business to empower the poor and needy, especially vulnerable women and youth.

GNA

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