Giving Hope To The Helpless With Jakin NGO

Jakin NGO

JAKIN is a non - governmental organization that seeks to improve our society by creating a neutral and conducive atmosphere for resources to be generated for charity while they are simultaneously channeled to the less privileged.  

Taking The Fashion Industry To The Next Level – The FADAN’s Talent Hunt Journey

The history of the talent hunt competition can be traced back to the Fashion Show and Fair organised by the British Council in collaboration with the Fashion Designers Association of Nigeria (FADAN) and Yaba College of Technology in 1992. In a press release by British Council, a four day programme tagged “Sakara” was organised, with various encounters such as seminars and workshops culminating in a major fashion fair at the Federal Palace Hotel on 26 April, 1992. Leading figures that conducted the workshop and seminar were Roger Casstles, the Executive Producer of BBC’s popular and award winning TV series ‘The Clothes Show’ and Wendy Dagworthy, the Head of Fashion at the prestigious Central St. Martin’s School of Art and Design in London. This event by British Council inspired the annual talent hunt competition initiative by FADAN to encourage budding designers in private fashion schools, tertiary institutions and secondary schools in Nigeria in collaboration with Yaba College of Technology as a co-sponsor. The talent hunt is targeted at young designers across the country, to provide them a platform to be seen in order to expose them and enrich their knowledge.  

CAMPARI Conclusion + Free Cocktail Recipe

If you just joined the series, click here to read the Introduction to the CAMPARI framework. We have looked at each of the key areas, which are essential in assessing a request to borrow money. CAMPARI is a very useful tool for Managers to be guided by and ensures that all the key points of your request are reviewed. The main purpose of CAMPARI is to stimulate debate and discussion, either during the Manager’s self assessment while reviewing the request, or with his superiors if your request has to be referred to a higher authority. As a recap, please click on each of these letters that stands for a part of the assessment process:  

CAMPARI PART VII – “I” is for INSURANCE

If you just joined the series, click here to read the Introduction to the CAMPARI framework. In this final part of the assessment process, ‘insurance’ is much wider than the question, "Is the business or individual insured?" In the assessment context, insurance covers the issue as to what the Bank can look to for repayment if the lending doesn't work out i.e. what security is being offered.  

CAMPARI PART VI – “R” is for REPAYMENT

If you just joined the series, click here to read the Introduction to the CAMPARI framework. No Bank is going to lend to any business unless it can see exactly how the debt will be repaid. In this part of the assessment process, the Manager reviews the forecasts, which are included in the Business Plan. The forecasts are the primary source of information to demonstrate that the loan or overdraft can be paid back. However, it's not just a case of looking at the figures and accepting them at face value - there are many questions to ask (just as you would expect!).    

CAMPARI PART V – “A” is for AMOUNT

If you just joined the series, click here to read the Introduction to the CAMPARI framework. We are now coming to the main part of the assessment process - how much you want to borrow. In this section, the Manager will review the amount being requested and decide if it's a request he feels comfortable with taking into consideration the size of the business, the information gleaned from the financial forecasts and what he has learned from your Business Plan and interview.  

CAMPARI PART IV – “P” is for PURPOSE

If you just joined the series, click here to read the Introduction to the CAMPARI framework. The next aspect to be considered under CAMPARI is the purpose of the loan or overdraft - what will it be used to finance? The Bank is more willing to support a request if the purpose is right for both them and the business.  

CAMPARI PART III – “M” is for MARGIN

If you just joined the series, click here to read the Introduction to the CAMPARI framework. Like it or not, Banks are like any other business; they are out to make a profit! In assessing your request the Manager has to satisfy himself that the income the Bank is going to earn fairly reflects the risk they are taking in lending you the money. They cover this risk by the interest rate and arrangement fee they will charge you. The amounts they charge you will then be assessed as a strength or weakness.  

CAMPARI PART II – “A” is for ABILITY

If you just joined the series, click here to read the Introduction to the CAMPARI framework. Having the ability to run a business is the difference between success and failure, so it's important for the Bank to feel comfortable with your ability - the stronger the better. There are a number of areas he can assess you on.  

CAMPARI PART I – “C” is for CHARACTER

If you just joined the series, click here to read the Introduction to the CAMPARI framework. It's important for entrepreneurs to understand that the Bank is not lending to the business but to the individual behind it, which is you! This is not usually the case where big companies are concerned but it certainly rings true with small and medium sized enterprises:

  • You are the business
  • You make the decisions
  • You choose the direction
  • You make the money
Many entrepreneurs think there is a clear dividing line between them and their business but in reality you are inextricably linked. It's fitting therefore that the analysis framework starts with character, or the person(s) behind the business; the one who could lead the business down the road of success or failure! The Bank has to be happy that the owner(s) has the right background and commitment to make a success of the business and that ultimately he's a good risk and can be trusted with the Bank's money. So, what aspects about a person's character are considered?