Be With Us

The doors of the Secretariat of IDIPR were formally opened to the public.  This was made possible by the following actions:

(i)      The Grand Patron, His Royal Majesty Oba SikiruAdetona, Ogbagba II made available to the Board, a furnished 4 rooms/1 large reception office within the Palace Complex Value:  N827,000=00 ($5,514).

(ii)     The donation in kind of office furniture, office equipment and stationery by members of the Board.

(iii)    The donation in kind by a stakeholder of Photocopier, Fax and paper Shredding Machine Value:  N559, 200 ($3,728).

The donation in cash of the sum of N238, 500 ($1,590) by the members of the Board towards the running of the Secretariat, prior to the launching of the ACTION PLAN.

Exactly one year after the City Consultation ended in Ijebu-Ode, the ACTION PLAN was launched in a well-attended colourful ceremony held at the Palace Complex.

About (N10million naira) ($83,333.60) was raised by the stakeholders

  • Donations continue to trickle in from other stakeholders.

 

How To Donate

  1. Transferability

In addition, the Board’s initiatives in the past seventeenth years have been most outstanding and they are being transferred to or adopted by other communities across the country.


In his Goodwill Message to the nation to mark the 2004 International Day for the Eradication of Poverty (IDEP), Dr. Magnus L. Kpakol, the National Coordinator of Programme NAPEP said (Inter alia) “Furthermore, our very successful micro-finance partnership with the Ijebu Development Initiative is a model that we are now replicating across the country to empower women and other vulnerable groups”. 


In this regard, over fifty-two communities have been trained and assisted to replicate the Board prototype across the country.

About Donations

How donations flow to Us

The doors of the Secretariat of IDIPR were formally opened to the public.  This was made possible by the following actions:

The donation in cash of the sum of N238, 500 ($1,590) by the members of the Board towards the running of the Secretariat, prior to the launching of the ACTION PLAN.

Exactly one year after the City Consultation ended in Ijebu-Ode, the ACTION PLAN was launched in a well-attended colourful ceremony held at the Palace Complex.

About (N10million naira) ($83,333.60) was raised by the stakeholders. Donations continue to trickle in from other stakeholders.

 

Our Challenges

In spite of the above achievements, there are salient issues that still exert some limitations on the Board’s initiative to effectively tackle all its problems..

Firstly, lack of capital from donor agencies and the economic recession which is a global phenomenon which has tightened its grip on financial business; the Board can of course not avoid the negative effect of these issues.

 

Secondly, the high operating cost of our programmes is another serious challenge. Small units of services with several loan applications to be processed, numerous accounts to be managed and monitored, repayment collections being made from several group meeting points pose serious challenges to the long-term practicality of the initiative. 

 

Basically, the spectacular successes achieved are because of the willingness of the members of the Board to serve without any remuneration and even the paid staff receives less than the prevailing official level of compensation.

Thirdly, is the issue of the growing risk of lending in the absence of any material collateral.

 

Fourthly, the issue of increasing concern is the limitation of funds that is available to meet the rapidly growing demand for potential beneficiaries. In fact, the Board has not been able to service up to one tenth of its stakeholders.

 

In that regard, sourcing agric funds from financial institutions especially banks has been problematic as they often demand for collateral securities.

The financial support promised by some donor agencies has not been forthcoming and our Local and State Governments have not given adequate support either.