A Helping Hand for Small Businesses
In 2022, The Corinth’s Humanitarian Foundation (TCHF) launched the Business Empowerment Outreach to uplift petty traders in Ilorin West LGA, Kwara State. Small-scale traders form the backbone of local economies, yet many struggle with limited capital and financial barriers that prevent growth. Recognizing this challenge, TCHF took action to provide direct financial assistance, enabling entrepreneurs to expand their businesses, improve their livelihoods, and contribute to economic resilience in their communities.
The GIVE Framework: How We Created Impact
G – Granting Financial Assistance
- Provided direct cash support to 31 petty traders, ensuring they had the resources needed to invest in their businesses.
- Helped recipients overcome immediate financial constraints, preventing business stagnation or collapse.
I – Investing in Local Commerce
- Strengthened small-scale businesses that form the heart of the local economy.
- Empowered traders to purchase inventory, upgrade equipment, and improve operations.
V – Vitalizing Economic Growth
- Enhanced financial stability for 31 entrepreneurs, promoting long-term economic sustainability.
- Contributed to job creation and local wealth circulation, benefiting the wider community.
E – Empowering Communities
- Encouraged self-reliance and economic independence.
- Fostered a culture of entrepreneurial resilience, where traders can support their families and build lasting businesses.
Strengthening Livelihoods & Economic Resilience
- 31 petty traders directly benefited, receiving the support they needed to sustain and grow their businesses.
- Enabled business expansion, improving productivity and income generation.
- Strengthened the local economic fabric, promoting self-sufficiency and long-term growth.
- Contributed to a more resilient and empowered business community, where small-scale traders can thrive.
MOMENTS
How we see the Future
TCHF envisions a world where equity is addressed through collective action, and every person has the opportunity to thrive, regardless of their background or circumstances. We are committed to being a leading force in humanitarian efforts, creating lasting impact through strategic partnerships, innovative solutions, and a deep commitment to social justice.
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