How to become a Client of Midas Touch Empowerment Initiatives

HOW TO BECOME A CLIENT OF MIDAS TOUCH EMPOWERMENT INITIATIVES

Midas Touch Empowerment Initiatives is an Organization mainly for the averagely (POOR) women out there who are financially and economically dependent on someone for their daily responsibility. Bellow are the procedure for been a Client or a Leader of a Union in Midas Touch Empowerment Initiatives :

1. Membership is open only to economically active poor women who are deprived, vulnerable and tend to engage in small economic activities which can be supported by small loan.

2. These activities contribute substantially to the local economy by providing useful goods and services and improving the conditions in the households, particularly those of children in term of nutrition, health, education and general welfare.

3. Loans cannot be given to any individual who does not belong to a group. 

4. Midas Touch Empowerment Initiatives loans are meant for business activities only.

5. It should not be spent on feeding or ceremonies.

6. No wasteful spending.

7. All members of Midas Touch Empowerment Initiatives must take part in pre-loan training exercise.

CONCEPT OF MIDAS TOUCH EMPOWERMENT INITIATIVES

1. UNION

2. REGISTRATION FEES

3. COS ( INTEREST ON LOAN )

4. RISK PREMIUM ( INSURANCE )

5. MANDATORY SAVINGS

6. VOLUNTARY SAVINGS

7. UNION PURSE

These above mentioned are the process of how you can be a client or customers of Midas Touch Empowerment Initiatives been one of the fastest growing Micro Finance Institution in Nigeria.

Edited by HEAD I.T