IMPACT OF MICROCREDIT ON THE BENEFICIARIES AS NARRATED BY THERESA OHABUENYI

Mrs Theresa Ohabuenyi is a member of Chikwado D and G women group in Umugbabe Obollo-Afor community. She is a mother of seven children and her husband is a taxi driver.
* Upgrade participants with an understanding of sound financial management, viz: Record keeping, reporting, accounting and financial control.
* To enable participants to identify ways of ensuring sustainable financing of their planned activities.
* To equip participants with knowledge and skills of accurate recording and book-keeping.
She advised the women leaders to always be conscious of accurate account and recording in all activities in their groups to ensure success.
Suring this workshop, the fundamentals for an effective management and financial planning were taught, and demonstrated by resource persons from Development and Learning Centre Markudi.
Theresa herself is a seamstress whose sewing work is based on patching old clothes and at times she sew local baby dresses which she receives N20 - N60 only per finished item.
Theresa and her husband found it very difficult to train their children and fed them.
The poverty always cause problems, verbal castigation and fighting but since 1999 when Theresa started receiving loan from her CBO loan from DEC Enugu, she has been able to support the family and all quarrels in her family is now a thing of the past.
According to her, in 1999, she received a loan of Two thousand five hundred naira only (N2500) from her group and was able to buy two truck load of women baskets from the local markets around.
That year “Theresa” made a fat gain of eighteen thousand naira (N18,000). She used eight thousand naira (N8,000) to buy manual grinding machine at the cost of three thousand, three hundred Naira (N3,300) only and two warmers of 50 and 40 litres of her family use,
Mrs. Ohabuenyi also said that with a loan o fifteen thousand naira (N15,000) she got from DEC micro credit scheme, she was able to purchase more truck-loads of woven baskets often used by farmers from Northern Nigeria to convey fresh tomatoes carrots, onions, pepper etc to the South for marketing.