Affordable Housing (Bricks Making); Conservation Agriculture ( Attachab) ; Microfinance(Savings for Change)
Affordable Housing (Bricks Making);
FF is leveraging its experience and expertise in the use of compressed earth brick for affordable and durable building to partner with Bororo Synergy to promote home ownership for youths and women through an innovative financial arrangement. The first phase of this project is already under way with youths in Adamawa Sate. These youths have been saving with the Federal Mortgage Bank, FMBN and they have also opened accounts at Adamawa Homes and Savings. Two of the youths cane to Fantsuam for training on how to make compressed bricks and now Bororo Synergy has taken delivery of two compress moulds. Linkages will also be made with the Yola South LGA and the NLC to mobilise support in this unique multi-stateholder financing model for Youth Home Ownerships. The lessons learnt from the Adamawa State pilot will be used to replicate the housing project in Kaduna State and in the other states of Nigeria where favourable environment if facilitated by the authorities
Conservation Agriculture ( Attachab)
Agriculture is intrinsically linked with issues of development and poverty reduction. Approximately 75% of the world’s poor live in rural areas where agriculture is the main economic activity. Fantsuam Foundation has a 4.38 hectare site called Attachab in Ungwan Rimi. Attachab is being developed as an Eco-Village to provide hands-on training on improved methods of traditional agriculture, conservation agriculture and permaculture. Attachab facilitates access of small holder farmers to improved seeds, improved breeds of birds and livestock, environmentally safe soil improvement methods, year-round irrigation and promotion of climate change adaptation systems.
Microfinance(Savings for Change)
The micro finance service was started with friends from the Nigerian-UK diaspora who donated money from their own resources to provide micro-loans to women in their own villages in Nigeria, following the Grameen model. On return from a training at Grameen Trust, Bangladesh, Comfort disbursed the first loans to 55 women in her home village of Kpunyai and the second community to receive loans was Bisat. In 2002, in Kagoro, Comfort and her team provided pre-loan training to 200 women. The micro-finance service continued to expand with grants from very large and much smaller organisations to provide capital to provide more loans. Notable among the funding organizations were the African Development Foundation, ADF and Partners for Development, PfD. Working with six Field Officers, the service was providing training, disbursing loans and collecting repayments. The number of borrowers was about 1,500.
Sadly the work of micro-finance was interrupted in 2011 when extreme violence hit the town of Kafanchan. This was followed in 2012 by a wide-spread scam that defrauded large section of the population of millions of Nauru. The after-effects of the violence and fraudulent activities of so-called Cash-Flow financial houses affected the small businesses run by the women who had loans to repay.
The lessons from these disasters was that Fantsuam Foundation should refocus its services on building the capacity of small groups to provide basic financial services to their members with FF providing the training, supervision and regulation to ensure that activities are conducted transparently and democratically. This is the Savings For Change program.