The Parkhust Empowerment Entrepreneurship Initiative awarded grants to small business owners who participate in its recent training.
This is happening one month after PEEI unveiled its non-governmental organisation.
The cash grant was part of the PEEI’s support for SMEs and struggling business in the country, with a view to ensuring that they thrive in a tough economic terrain where obtaining grants or loans is hard for entrepreneurs.
The mission of PEEI is to train, adopt (venture capitalist ) mentor, support and fund business ideas, while helping start-ups, entrepreneurs and small and medium scale enterprises to grow their business
PEEI Funds, a subsidiary of PEEI, was unveiled on that day, as an arm of PEEI that would provide loans to SMEs.
Present at the award ceremony was Olalekan Alabi, managing director of Parkhust group, and Ololade Abuta, executive director of Parkhust Group, alongside recipients, witnesses and members of the initiative.
Ololade Abuta mentioned how getting funds has been difficult for entrepreneurs but said that with the birth of PEEI whose main mission is to adopt, train, nurture and support business ideas, entrepreneurs trained under P.E.E.I would have access to funds for their businesses either in the form of grant or loan.
Olalekan Alabi advised the recipients to be wise in their spending and cultivate a habit of putting the profits of their ventures back to the business, employing people and lifting the society slowly from poverty.
Recipients who were awarded cash grants after thorough screening of their business plans and ideas include: Diamond Anjorin (N1.5million), Francis Ogunboye (N1.5million), OluBunmi Costa (N1.5milion); Funmilayo Osho with N1.2mllion; Yemisi Emmanuel with N1.2million; Olasunbo Bolarinwa with N1.1million; Prince Daniel with N1 million, and Ifeanyi Dikeh (N1million).
IFEOMA OKEKE
