The highly successful inception ceremony for the Amoye Digital Microcredit Initiative for Women Empowerment program undertaken by IEBDEM in collaboration with the Amoye Microfinance Bank Ltd, Ikere was followed by the implementation ceremony on September 2, 2017. The implementation ceremony was at the instance of the collaborative efforts of IEBDEM and implementing bank to formally present the outcome of the random allocation of the over 375 women eligible beneficiary groups into two recipient groups: 100 women groups for Microcredit only and 100 for Microcredit + Digital Banking Services group, and 175 women groups in the waiting list. Each women group comprises at least 10 members.
In attendance at the event were key stakeholders and policy makers, including the paramount ruler of Ikere Kingdom, His Royal Majesty Oba Samuel AdejimiAdu-Alagbado, Agirilala II, Ogoga of Ikere Ekiti, who was represented by two High Chiefs, and representatives of the five traditional clans (agboole) in which the ancient town is divided. Also in attendance was the Chairman of Ikere Local Government – Barrister Ola Alonge, who represented the Deputy Governor. The chairman of the occasion was the President of Ikere Development Forum and legal juggernaut Ashiwaju Chief WoleOlanipekun (SAN, OFR), who was represented by Mr. Femi Ekundayo, a foremost banker and a member of the Board of Amoye Microfinance Bank. Other dignitaries at the occasion was a representative of the DAWN commission, Commissioner for Women Affairs in Ekiti State, Mrs. OlayinkaOgundayomi. Members of the academic community were also present including Dr. Rufus Akindola from the Federal University, Oye, and Dr.OlufemiObembe from Obafemi Awolowo University, Ile-Ife. The Regional Operations officer, Central Bank of Nigeria, Ibadan, Mr. OluAkilo represented the CBN governor. The event was fully covered by the Ekiti State TV.
This event marked the beginning of an experimental research fully sponsored by the International Initiative for Impact Evaluation, USA (3ie Impact) (DPW1/1023) designed to assess the incremental impact of combining digital banking services with microcredit over microcredit only. The impact will be identified in a clustered randomised saturation design, approved by a team of experts at World Bank, University of California San Diego USA, and George Washington University USA, exclusively for this study. The research is designed to compare outcomes (indicators of vulnerability, financial inclusion, and economic empowerment) between receipt of microcredit only, microcredit + digital banking services (ATM, POS), and within cluster controls.
For full detail of the research project or enquiries, contact email@example.com.