PAYBACK PERIOD OF LOAN

Civil Awareness and Economic Empowerment Initiative

 “CAEI”

Loans start ten (10) days from the date of disbursement to maximum of twenty-four (24) months.

Amount to be repaid depends on the value of the empowerment materials given out.

EXAMPLE;

A N2,000.00 to N5,000.00 loan, attracts a daily payment of N10.00

A N7,000.00 to N10,000.00 loan, attracts a daily payment of N40.00

A  N11,000.00 to N20,000.00 loan, attracts a daily payment of N150.00

A N50,000.00 to N70,000.00 loan, attracts a daily payment of N400.00

An N80,000.00 to N150,000.00 loan, attracts a daily payment of N500.00 etc.

These daily payments will be rendered on weekly working days only.

ECONOMIC EMPOWERMENT PROJECTS

Civil Awareness and Economic Empowerment Initiative

 “CAEI” 

CAEI's economic empowerment projects and programs include giving small and medium scale business loans not in cash but in kinds and material.

These “CAEI” loans DO NOT require any collateral, deposit, counterpart funding or interest. It only REQUIRES ones membership and a nomination from “CAEI” ward projects and programs promoters committee (ward PPPC).

 

The targets of this economic empowerment scheme are;

• Rural women,

• Youths

• Retirees

These rural women, youths and retirees are often unfortunately being necessitated to take up the responsibility of catering for their children and aged members of their family while lacking the resources for financial empowerment.

The loan categories are as follows;

•                                 Wheelbarrow (load carrier)

•                                 Frying business

•                                 Local food restaurant and sales of food ingredients

•                                 Tailoring

•                                 Hair dressing and barbing saloon.

•                                 Vulcanizing

•                                 Grinding

•                                 Petty trading

•                                 Farming

•                                 Printing
•                                 Electronic Items

•                                 Transportation business etc  
• “CAEI” will register all businesses selected by its loan beneficiaries with Local Government or Cooperate Affairs Commission (CAC) for further business relationship with Government, Banks and Non-governmental organizations etc.

PROJECTS AND PROGRAMS

Civil Awareness and Economic Empowerment Initiative

 “CAEI” 

All “CAEI” projects and programs are designed with the agenda of liberating;

               

•          Talents,

                        &

                   Social attributes 

For a new Nigerian, who is;

• self-reliant,
• self-employed, &

• totally exposed to the right learning environment and patriotic practices.
•  
•  
  CAEI Projects/programs;
  •Educational program
  •Guidance and counselling
  •Educational training
  •Economic empowerment program.
  •Political awareness program