Friday, 05 November 2021 16:32

A mother of 5 now a successful business owner

Written by
Rate this item
(0 votes)
Gambo Ali, a resident of Madagali community, who is a widow and has five children, was a petty trader before the Caritas Nigeria intervention but her business was not yielding much revenue. After the demise of her husband, life became really difficult for her, as feeding her children and sustaining the family on her petty trading business, was a huge challenge for her.
The UNHCR-supported Livelihoods project aims at improving the livelihoods of beneficiaries through various methods, including the Savings and Internal Lending Communities (SILC). This intervention has changed the life of Gambo for the better, as she was given the opportunity to become a member of the Albarka SILC group.

Gambo has now been trained on how to better manage her business and how to save for the future. She noted that one of the things that motivate her to save more money is the fact that she adheres strictly to the motto of the group which is “save money, harvest money”. With this, she has been able to obtain a loan of N5,000, which she has invested in the business of selling food items and is doing well. She has been making good sales and a profit of N2,150 weekly.

According to Gambo, the association has really had a great impact in her life as she can now care for her children properly. She has also purchased charcoal from her share out savings to expand her business. In her words, she stated “I am able to eat from my business after I lost my husband 5 years ago. I thank God for the loan and the training I received on financial literacy which has helped me a lot, as I am better off in business now compared to how my business was in the past”.
 
Story By Tabitha Bako, Thomas Haliru, Donald Fidelis and Doris Mbaezue
Read 762 times Last modified on Friday, 05 November 2021 16:33