MANAGEMENTThe company has its Head office at Yola, Adamawa State, and a Central Office at Kaduna. The company has two Divisions namely Services Division and Operations Division each headed by an Executive Director. Continue Reading
In 2002 United Nations Development Programme (UNDP) recognised the efforts of Hududullah Micro Credit Company in credit support to the small entrepreneurs in Adamawa and Taraba States. Continue Reading
The focus of the
company is Micro-Credit financing promoted by target client who are mostly poor
members of the community. These categories of entrepreneurs have limited access
to banking facilities. Continue Reading
The company takes a global view of the investment proposals submitted by its potential clients, analyze the elements of risk carefully and exercise extreme care in scrutinising the proposals from the commercial, economic. Continue Reading
Who We Are?
What We Do?
Create and develop a micro credit scheme which can operate successfully in the Nigerian environment and culture. It is true that the Bangladesh model that has successfully worked in that environment but has failed in most other environments and cultures. Continue Reading
The focus of the company is Micro-Credit financing promoted by target client who are mostly poor members of the community. These categories of entrepreneurs have limited access to banking facilities.
From the experience of this Company, the financial support demand by Small-scale entrepreneurs is very high.
Small Savers Loan Scheme
Give Small entrepreneurs’ an opportunity to build and consolidate their capital through Small savings within their profit earnings capacity. This is facilitated with a revolving loan from the company.
The Company provides an avenue for person or organization wishing to invest their funds on profit and loss sharing basis.
The Company gives consulting services to persons and organizations wishing to invest or run their business on Halal basis. The Company also supervises such project when implemented.
The Company works with interested persons and
organization to extend loan facities to target beneficiaries using the company’s
SOURCES OF FUNDS
The company mobilises funds from the following sources: -
a) Bank Loans. The company takes loans from Banks and other Financial Institutions. Such loans are secured by the assets of the Company and those of the Promoters of the Company. Continue Reading
USES OF FUNDS
The Company provides finance to applicants based on the following criteria: -
1, Availability of funds.
2, Acceptability of the project.
3, Viability of the project as assessed by the Appraisal officers.
4, Reliability of the project promoters.