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According to Efina 2018 Access to Finance Survey, 36.8% of the adult population in Nigeria are financially excluded with women constituting 55.9% of this statistics. To put it in numbers, we have 20.5 million adult women in Nigeria who are financially excluded. These women have no income or unreliable income at best and it is imperative that we break this cycle by giving them access to the formal financial system.
2 of every 3 IDP women you meet bears the burden of providing food and care for their families in the camps and their vulnerabilities have been deepened by with the COVID-19 pandemic as they and their families face increased risk of hunger and continued poverty.
We support the women with micro-credits to be used as working capital for their micro-businesses to keep the business sustainable and help them route their way out of poverty. We put each potential lender in 3 risk-rating categories and give them funds up to N50,000.00 (Fifty Thousand Naira only) with a maximum tenor of 6 months.
In addition to on-boarding the women we serve into the financial system, we empower them through the Rendra Agent Platform to provide access to basic financial services within their communities.
They are trained to facilitate account opening, bill payments, cash deposits and withdrawal in a safe, easy and convenient way; generating sustainable income for themselves by earning a commission on transactions. They become empowered Rendra Women
Volunteer with the Rendra Foundation and help us bring inclusive and affordable financial services to low income and forcibly displaced women in nigeria
Do you work with a network of women and would like us to partner with you to promote financial inclusion or financial literacy?
You can be a part of our work by donating to help us bring inclusive and affordable financial services to low income and forcibly displaced women in nigeria
Kindly make a transfer to the following account:
Account name: Rendra Foundation
Account Number: 1023381901
We provide a platform that connects low income women producers with new markets to increase their earnings.