About Us
Bringing Financial Opportunities to the people
The Hope Alive Livelihood Enhancement Foundation was founded in November 2018 as a microfinance institution. We are a non-governmental organisation (NGO) registered by the Corporate Affairs Commission (CAC) with Certificate Number 120888. Hope Alive is a member of the Association of Non-Bank Microfinance Institutions of Nigeria (ANMFIN).
Our goal is to mitigate the challenge of access to financial services experienced by vast numbers of Nigerian poor women who are actively engaged in small-scale production and microtrading.
We focused primarily on providing conventional financial services for the active poor Nigerians, particularly women, who are deprived of access to loans and other financial services provided by banks. These people are vulnerable, but they are engaged in microeconomic activities that can be supported by microloans; these activities contribute substantially to the local economy by providing useful goods and services, thus improving the quality of life of entire households in terms of education, welfare, health, and nutrition.
Products
Mini Savings
Hope Alive encourages all her members to save for the unexpected. Our women are encouraged to save enough to provide for their family's welfare and to reduce their cost of capital as their business expands. Hope Alive promotes a minimum voluntary daily or weekly savings instalment contribution of as little as ₦ 200. Members are free to withdraw their savings at any time.
Products
Daily Group Loans
The Daily Group Loan is intended to help micro-small business owners who engage in frequent daily trade meet their daily working capital needs. The service charge for the loan is 0.6% per day and ranges in size from a minimum of ₦30,000.00 to a maximum of ₦200,000.00. Repayment can be done in 30 working days in equal daily installments and is flexible. To enjoy this facility, a potential client needs to join an existing group or form a new one.
- Quick access to funds
- No repayments on weekends and public holidays
- Free financial and management counsel
- Flexible and reasonable interest rate
Benefits
- Facility range: ₦30,000.00 to a maximum of ₦200,000.00. (amount granted depend on loan cycle)
- Method: Group
- Tenor: 30 working days
- Repayment: everyday
Features:
Products
Weekly Microloan
This product is designed to assist economically active women who run businesses that require financial support for growth but do not have it. The loan's service charge is 20%, with a minimum of ₦50,000.00 and a maximum of ₦350,000.00. Repayment is flexible and done in thirteen equal weekly payments. To use this service, a prospective client must join an existing group or start a new one.
- Quick access to funds
- No repayments on weekends and public holidays
- Free financial and management counsel
- Flexible and reasonable interest rate
Benefits
- Facility range: ₦50,000.00 to a maximum of ₦350,000.00. (amount granted depend on loan cycle)
- Method: Group
- Tenor: 16 weeks
- Repayment: once every week
Features:
Products
Monthly Microloan
This product is designed for both new and existing members that need a short-term loan to enhance their businesses or meet an urgent financial need. To qualify for this facility from Hope Alive, an applicant must have a specific source of income or have been in business for at least six months with proof of employment. The service charge for the loan is 20%, and the loan ranges from ₦50,000.00 to ₦250,000.00. Repayment is flexible and done in four equal monthly installments.
- Quick access to funds
- No repayments on weekends and public holidays
- Free financial and management counsel
- Flexible and reasonable interest rate
Benefits
- Facility range: ₦50,000.00 to ₦250,000.00.
- Method: individual and group
- Tenor: 4-6 months
- Repayment: once every month
Features:
Products
Business Loan
This product is designed for existing members to enhance their businesses. To qualify for this facility from Hope Alive, an applicant must have been in a specific business for at least one year, operating from the same location for at least six months. The service charge for the loan is 0.025% per month, and the loan ranges from ₦100,000.00 to ₦500,000.00. Repayment is flexible and done in four to six equal monthly installments.
- Quick access to funds
- No repayments on weekends and public holidays
- Free financial and management counsel
- Flexible and reasonable interest rate
Benefits
- Facility range: ₦100,000.00 to ₦500,000.00.
- Method: individual and group
- Tenor: 4-6 months
- Repayment: once every month
Features:
Services
Testimonials
Check out our success story
"In the bustling markets of Lagos, my small business was just another stall struggling to survive. The financial burden was overwhelming until Hope Alive stepped in with their Weekly Microloan. This lifeline transformed my business, making each day a step towards growth rather than a struggle for survival. The flexible repayment plan was a breath of fresh air, allowing me to manage my finances without the constant stress. Hope Alive didn't just provide a loan; they gave me hope and a path to realize my dreams."
- Tunde Adebayo -
"When I first started my business, the financial challenges seemed insurmountable. I needed a solution that was tailored to my needs, and that's exactly what I found with Hope Alive's Monthly Microloan. This short-term loan was the boost my business needed, providing the necessary funds to expand and meet the increasing demand. The fair service charge and flexible repayment plan made the process even smoother. Thanks to Hope Alive, my business isn't just surviving; it's thriving"
- Fatima Bello -
"Running a business in Nigeria is no small feat, especially when you're a woman. I faced many challenges, but the biggest was access to capital. That's when I discovered Hope Alive's Daily Group Loans. It was a game-changer. The loan helped me meet my daily working capital needs, and my business has been growing ever since. The team at Hope Alive is supportive and understanding, making the whole process seamless."
- Nneka Obi -
Contact Us
Our Address
His Grace Shopping Complex, opposite Eruwa Garage, Eleyele, Ibadan, Oyo state.
Email Us
info@hopealiveenhance.org
Call Us
+2348060316684, +2347041676393, +2347068584310