KS HOLDINGS

In 2014, the Board of Trustees agreed to expand the work of Freedom Empowerment and launch the concept of King Solomon’s Holdings, an initiative that seeks to work through different yet interrelated programs with a view to providing employment and entrepreneurial opportunities to the poor.

The objective of this initiative is to build economic capacity among millions of young people in Nigeria who have little or no skills. These vulnerable and underprivileged young people who get frustrated due to poverty, lack of education and marketable skills, desire a better life, but faced with little opportunity for it often resort to armed robbery, hooliganism and sexual exploitation.

From vocational and skills training, to financial empowerment through micro-lending, King Solomon’s Holdings intends to target different aspects of the problem of unemployment the un(der)skilled and entrepreneurial poor.

KS Empowerment

Since inception, Freedom Foundation’s empowerment programs have provided career skills training, business and entrepreneurial development training, vocational skills training, counselling and mentoring, as well as post-training follow-up to young men and women, thus ensuring long term solutions to the challenges of poverty, unemployment, lack of marketable skills and illiteracy.

Types of skills include hospitality training, bead making, plumbing, welding, catering, fashion designs and computer training.

KS Microfinance Bank

As part of our empowerment program, we established King Solomon’s Microfinance Institution (former King Solomon’s Microfinance Bank) to serve the urban entrepreneurial poor. It offers no-collateral, reduced interest loans to clients who fit the profile of entrepreneurial poor, those individuals who have the capacity to lift themselves out of poverty with the right help. It also provides loans to businesses who also have capacity to employ beneficiaries of our empowerment program.