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CADOMICS: Catholic Archdiocese of Onitsha Micro-credit Scheme is a parish based people oriented development initiative of the Catholic Archdiocese of Onitsha that focuses on incubating and nurturing micro entrepreneurs for sustainable means of livelihood. CADOMICS 1 is sponsored by His Grace, Most Rev. Dr. Valerian Okeke. The sum of N26.000000 (Twenty Six Million naira) was disbursed to 1,155 beneficiaries in the five Regions (Onitsha, Nnobi, Dunukofia, Igbariam and Aguleri Regions) of Onitsha Archdiocese as at the year ended 2016.
Princess Stella Odua foundation sponsored the CADOMICS 2 project and 435 beneficiaries from 18 parish groups in Iyiowa Region have received a total loan of N8,600,0000 (Eight Million, Six Hundred Thousand naira) as at the year ended 2016.
Beneficiaries of CADOMICS projects attested to the various ways the soft loan have helped them to jump-start their businesses and improve their livelihood in a sustainable way. A person with disabilities Mr. Favour Okeke of St Mary Station Iyiowa-Odekpe was on the street begging before he was supported by CADOMICS to implement his dream of Auto Mechanic workshop. He has now a thriving auto-mechanic workshop, Keke-tri-cycle and married with child.
Rev Fr. Aloysius Agba and other Priests working in Olumbanasa attested that over one thousand members of their community have either returned to Catholic Church or converted to Catholic faith as a result of CADOMICS soft loan empowerment. The exciting good news is that they are no longer overburdened and depreciated with usual 100% interest reimbursement.
Mrs. Okeke Agnes the women leader of St John the Apostle Ogbakuba gave her testimonies of change; she said she bought a refrigerator which help in sustaining her perishable goods, yielded more income and meeting up market demand. This ensures sustainability for herself and her family.