Mrs. Nike Adeyemi is a resilient and industrious woman who has dedicated her life to providing for her family through her small business. Based in the bustling area of Lugbe in Abuja, she operates a yam-selling venture at the Lugbe Police sign board motor park. Despite the challenges that come with running a small business, Mrs. Adeyemi has shown remarkable perseverance and commitment.
Struggles:
Like many small business owners in Nigeria, Mrs. Adeyemi has faced numerous obstacles in her journey. The rising costs of goods and the economic instability have made it increasingly difficult for her to maximize profits and sustain her business. Without adequate storage facilities, she is often forced to sell her yams quickly, sometimes at lower prices, to avoid spoilage. This lack of storage also limits her ability to buy in bulk during the harvest season, which would enable her to increase her profit margins.
Contact with Frugal Empowerment Foundation:
Mrs. Adeyemi’s encounter with the Frugal Empowerment Foundation (FEF) marked a turning point in her entrepreneurial journey. As a beneficiary of the FEF’s Small Business Empowerment (SBE) program, she received seed funding aimed at boosting her business. The support from FEF has provided her with a lifeline, enabling her to expand her operations and manage her business more effectively.
Impact:
The seed funding from FEF has significantly impacted Mrs. Adeyemi’s business. With the additional capital, she has been able to purchase more yams and invest in temporary storage solutions to reduce spoilage. This has helped her stabilize her income and provide better for her family. The support has also given her hope and a renewed sense of purpose, motivating her to continue striving for success.
Future Needs:
Despite the progress she has made, Mrs. Adeyemi still faces significant challenges that require further support. To truly thrive, she needs more substantial and permanent storage facilities hat will allow her to buy and store yams in bulk, especially during the harvest season. This would not only improve her profit margins but also ensure a more stable and sustainable business.
Call for Support:
Mrs. Adeyemi’s story is one of resilience and hope, but she cannot do it alone. Additional financial support and resources are essential for her to overcome the challenges she faces. By visiting her page on the Frugal Empowerment Foundation website, well-wishers can learn more about her journey and contribute to her cause. Together, we can help Mrs. Adeyemi achieve her dreams and create a better future for her family.