Baobab Nigeria has assisted widows facing difficulties in covering their children’s educational expenses during the back-to-school season.
This effort reflects Baobab’s mission to make a meaningful difference in vulnerable communities through financial inclusion.
This initiative was carried out in partnership with the Patrick Stephen Purple Heart Foundation, an NGO run by a young widow and registered in February 2023.
Through the “School Fee Giveaway Project”, the foundation reaches out to widows under 40 who are in need of financial assistance for their children’s education.
Baobab Nigeria’s involvement in this project reflects our mission to go beyond traditional banking services and build brighter futures for vulnerable families.
As Acting Chief Executive Officer Eric Ntumba remarked, “This initiative is a testament to our ongoing efforts. From providing micro-loans to small businesses and supporting women entrepreneurs, to sponsoring educational programs in underserved areas, Baobab is committed to making a meaningful difference.”
Eric emphasized the initiative’s alignment with our dedication to quality education, stating, “Education is a powerful tool for change. By financing school fees, we’re not just investing in these children’s futures but also in their families and our community. Our goal is to extend this support to at least 2,000 widows under 40 by 2028.”
Expressing her delight on the partnership, Oluwaseun Joan Stephen, the CEO, Patrick Stephen Purple Heart Foundation, who received N5,500,000 for the School Fees Giveaway Project said “This has changed everything for many widows in the foundation. A lot of children’s education has been secured, and I am beyond thankful to Baobab Nigeria. It has indeed taken a huge weight off many widows in the foundation. Reaching out to widows in this period is very heart-warming to see and it shows that Baobab Nigeria does not only care about their profits but also the community at large.”
This initiative serves as a call to action for corporate organizations to recognize their role in uplifting the vulnerable in our communities through education and financial empowerment. By working together, we can build a more equitable and inclusive future.
