Of the clients assisted,
four have repaid their loans and running successful
businesses. These are
1. Mrs. Henrietta Agboola (Hat Designer)
The making of hats in unique designs,
shapes and colours that meet exactly, the needs of
her customers is the basis of Henrietta Agboola's
millinery business.
While at secondary school, Henrietta studied textile
design and was awarded "best overall student".
Inspite of earning a degree in psychology and a higher
degree in organisational behaviour from the University
of Lagos, Henrietta was unable to secure a salaried
position. After much thought, she decided to set up
her own business, utilising herskills in hat making.
Henrietta was to turn her hobby of making clothes,
bags, berets and hats for friends into a business.
However, she lacked the finance to make her dream
a real ity.
Henrietta was referred to Youth Business Initiative
and received a start-up loan of N170,000 and subsequently
in October 2001 Henrietta House of Hats was established.
"Hers was a vision that was oozing with success
as reflected by positive cash flow statements"
states Adeyinka Adebanjo, former General Manager of
YBI. Young working ladies between the age of 18 and
to 35 are Henrietta's core target market.
According to her mentor, Rotarian Biodun Jolaoso (a
management and training specialist), “it is always
a delight to work with a young person with a vision
and Henrietta falls into this category - in both skills
and management”.
This has be proven right. Henrietta has attracted
attention at many local and international trade fairs
she has attended. She has paid off her loan and thinking
of expansion.