Justina
Ya’apera is a middle-aged widow in Anyiin, Logo LGA in Benue State and
proud owner of 40 bags of soya beans, which could fetch her over N400,
000 given the current price of the produce at N12,000 per bag.
She
produced the 40 bags from a loan of N10,000 she got through group
savings and N20, 000 micro credit from Bank of Agriculture and Gboko
Micro Finance Bank in a number of circles, which she has already paid.
The
widow is a member of Akanawe women group in Anyiin with 100 members
trained and mentored through the federal government and International
Fund Agriculture Development (IFAD) Rural Finance Institution-Building
Programme (RUFIN), which seeks to reach out to poor rural people.
The
programme ensures that the rural poor gain access to financial services
and can invest in improving productivity in agriculture and small
businesses.
With
group savings of N60,000 to N80,000 monthly, a member could get a soft
credit to either expand her farm and/or undertake business depending on
how much she saves.
Martha
Aba’a is another member of the Akanawe (yam farmers’ women
association). Her little monthly saving of N500 to N1,000 with the
group, along with the micro credits she got through RUFIN linkages, was
able to invest in yam production.
Today, “I harvest over 1,000 big tubers of yam from my farm,” she said.
In
Ugba, a widow who gave her name as Mrs. Esther is a volunteer under the
RUFIN programme. Esther’s job is to help other women to form groups
with the aim of imbibing group savings and lending culture.
Her
two years of helping women come together resulted in the formation of
over 10 women groups, saving from the little they make from their farms
and agro-enterprises. These groups lend to themselves depending on how
much you save in the group, one could get loan facilities from N5,000 to
N50,000.
Another
widow, Mrs. Agara while telling her emotional story, recounted how life
was miserable for her family before receiving the FG/IFAD capacity
building on group formation and saving culture.
The
widow has so far mobilised over 100 women into 15 groups in her ward
helping them to save their widow’s mite and lending to each other. She
told the IFAD supervision team that “I have expanded my soya beans and
yam farms, and have now gone into selling cloths too.”
Some
of the groups they help to form, like the Nongo Sisters and Kakuli
women groups, made up of financially challenged women and widows are
taking the lead in changing the economic situation around their families
and learning how to empower themselves.
Mrs.
Elizabeth Adam of the Nongo Sisters listed the group’s challenges to
include more access to financial institutions in order to expand their
production base.
As
RUFIN winds up next year, the Central Bank (CBN) and International Fund
Agriculture Development (IFAD) are already putting in place strategy to
sustain rural financial inclusion for the poor smallholder farmers in
states willing to key into the programme.