RegCharles Establishes And Disburses N2million Micro-Credit Facility To Prudent Cooperative







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RegCharles Establishes And Disburses N2million Micro-Credit Facility To Prudent Cooperative



RegCharles Finance and Capital Ltd has recently disbursed a N2 million micro-credit facility to Prudent Multipurpose Cooperative Society, this is in accordance with its mandate to improve access to capital for Micro Small and Medium Scale Enterprises as well as cooperative societies. The purpose of extending this facility is to provide financing to the cooperative members through the group lending scheme.


Prudent Multipurpose Cooperative Society is a registered cooperative made up of about 40 members who are majorly traders in the areas of:

     •  Retail sales of fast moving consumer goods

     •  Retail sales of pharmaceutical drugs

     •  Retail sales of medical disposables


Prior to the extension of the facility by RegCharles Finance and Capital Ltd, a training program was organized for the members of this cooperative in order to ensure that the funds disbursed to them will be effectively utilized. The training program highlighted:

     •  Basic book keeping skills

     •  How to raise capital for a small business

     •  How to ensure prompt and satisfactory loan repayments

     •  How to effectively grow a small business.


The RegCharles Foundation, a not-for-profit organization, is working with RegCharles Finance and Capital Ltd to effectively manage the relationship with the cooperative and ensure prompt repayment of the loans. They will also organize regular post-funding training programs for the cooperative members to ensure business growth and sustainability.


The provision of the funds has been able to positively impact the cooperative members as well as society

     •  Access to trainings and advisory services for the cooperative members

     •  Promotion of entrepreneurial development.

     •  Access to a wider network of business partners.

     •  Poverty alleviation for members of the cooperative society

     •  Financial inclusion of the unbanked members of the cooperative society

     •  Boost in the self confidence of the entrepreneurs

     •  Better and more improved business practices by the entrepreneurs

     •  Reduction in crime rate in the society

     •  Increased employment opportunities for the youth and unemployed.


We are RegCharles. We shall keep blazing the trail and contributing to the growth of Nigeria. Come partner with us. Invest in RegCharles via our money managers and help unlock our dreams and yours!


RegCharles Finance and Capital Ltd…”Succeeding with you!”
































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