Audio By Carbonatix
Over 8,000 beneficiaries in the catchment area of the Odotobiri Rural Bank have received various sums of money to engage in productive activities to better their lives.
The financial support intervention for the beneficiaries in the Obuasi Municipality and Amansie Central District is from the UNDP’s Small and Medium Enterprise Programme introduced in 2003, in partnership with 21 banks.
Beneficiaries have put up decent accommodation, expanded their farms and are catering for the education at various levels for children who otherwise would have dropped out of school.
Odotobiri Rural Bank provided GH¢535,000, while the UNDP topped it up with GH¢70,000 grant to be given out as loans to prospective applicants.
The bank’s loan beneficiaries shot up from 884 in 2003 to over 8,000.
From initial sums of between GH¢20 and GH¢50, some are now able to access between GH¢100 and GH¢2,000.
Some excited beneficiaries appealed to officials of the UNDP and the Odotobiri Rural Bank to further increase the amount so beneficiaries could exploit bigger opportunities.
Some of them said previously they were initially described as poor can now afford their wards’ education at the Kwame Nkrumah University of Science and Technology, Kumasi Polytechnic and several others in Senior High schools.
UNDP Resident Representative to Ghana, Ruby Sandhu-Rojon who has been touring some of its projects across the country was happy about the success so far, and said the testimony from the beneficiaries is an indication of how small amounts can improve the lives of many.
According to her, the UNDP as part of its mandate will continue to formulate policies that will help shape the lives of rural and urban dwellers.
Story by Ohemeng Tawiah, Nhyira FM, Kumasi/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
EC assures readiness ahead of NPP presidential primary on January 31
2 minutes -
GAF debunks claims of high HIV positivity rate among recruitment applicants
10 minutes -
Higher VAT threshold to ease burden on small businesses – GRA
10 minutes -
Analysis: Trump follows through on WHO exit, ending U.S. funding lifeline
13 minutes -
Ghana cedi best-performing currency in Africa for 2025 – IMF
18 minutes -
19 arrested, including three military personnel, in Tamale police operation
22 minutes -
15 dead after Philippines ferry with 300 passengers sinks
25 minutes -
2026 World Cup: German FA official wants boycott talks
30 minutes -
Registrar of Companies to increase fees from February 2
31 minutes -
Mahama announces new members of Presidential Council for Accra Reset Initiative
32 minutes -
Mahama commissions a fleet vehicle for Ghana Armed Forces
32 minutes -
NRSA blames reckless driving and speeding for rise in road crashes in 2025
42 minutes -
BoGÂ urges media to support economic resetÂ
47 minutes -
Mahama praises GAF for exemplary role in UN Peacekeeping
52 minutes -
13 suspected illegal miners remanded by Enchi District Magistrate Court
57 minutes
