The Wa Cooperative Credit Union (WACCU) in collaboration with the Wa Polytechnic Entrepreneurship Directorate and the Business Advisory Centre of the National Board for Small Scale Businesses (NBSSI) has successfully trained and graduated twelve women who are members of the cooperative on how to manage and sustain their businesses.
The training which focused on entrepreneurship and basic record keeping awarded the women certificates on Wednesday, August 21, 2019 at the Wa Polytechnic. As part of the training which spanned three months (from June to August), the women entrepreneurs were taught how to start a business, How to source funding for the business and the management of cash of the business.
Addressing participants at the graduation ceremony, the Supervising Manager of WACCU, Abraham A. Dakurah said “the plan is to train forty (40) women every year, for five years. So we would have trained about 200 women and certify them in five years.” He explained that for a person to qualify for a certificate, she would have to undergo all three training modules, the reason twelve women were certified after 32 picked forms when the idea of the training was announced this year. He noted that subsequent editions will start early in the year so that the beneficiaries can gain and utilize the knowledge early enough.
Mr. Dakurah expressed satisfaction at the success of the project and charged the beneficiaries to make use of the knowledge gained to improve their businesses. He further added that “we expect that, in the coming years we should be able to expand this project beyond just the training, but to be able to facilitate access to startup funds or support funds that will be interest-free in the beginning to help them to be able to move. And as they move they then will need extra support, then they can come back to take credit either from the union or elsewhere”. He underscored the need to support women in entrepreneurship as they are better in running businesses, but always find it more difficult in accessing funds.
On his part, the Regional Minister through the Regional Coordinating Director, Madam Fati Koreh, congratulated the participants of the programme and urged them to make good use of the opportunity granted them. He advised them to take advantage of available funding sources like MASLOC to support their businesses. He said “starting a business is not the most difficult thing to do but sustaining the business” and therefore called on the organizers to continue to do a lot of advocacy to help enhance private sector development.
Business Record Book
Meanwhile, the partners on the project have designed a yearly record keeping booklet for business men and women in any kind of trade. The book is designed to take records of cash sales, credit sales, cash purchases, credit purchases, expenditures and other necessary transactions of the business. The Business Record Book which was given to all beneficiaries is also in the market for sale to interested business people.
The beneficiaries at the event expressed excitement for being a part of the training and thanked the organisers for the project. They also called on the general public to take advantage of subsequent ones as it has taught them so much on managing a business.
Ormoh Christiana, a seamstress and beneficiary said “this training will help me a lot. The training has given me education on how to take care of my customers. It also made me aware what constitutes cost in running my activities as a seamstress. So I will propagate this good initiative by WACCU, Wa Poly and NBSSI to the general public especially my fellow women to partake in this training so as to improve their businesses. I also hope that WACCU will increase the number beyond the intended 200 that they want to train”.
Another beneficiary, Cecilia, a trader said she is “very happy to be part of this training. It is very helpful. As we attended it, we have been taken through how to run our business without running at a loss. The trainers have done so well to initiate such a project. I am really grateful. As we leave here, we will propagate to other women to also seize the opportunity and benefit from such training.”