 The micro-credit and business development programme was started in 1998 to help empower communities and enable entrepreneurs take advantage of the economic opportunities in their locality. This goal is being pursued through three broad categories of service: community-based enterprises, micro-credit schemes and youth business development programmes. In 2004, twenty two transport enterprises were launched, with SPDC providing equipment, technical and business training, while communities contributed part of the initial working capital, project accessories and business registration payment. More than 150 community-based enterprises and micro-entrepreneur groups have been established in host communities and now benefit from loans through the revolving loans schemes. Some 800 agricultural cooperatives have accessed loans under the Micro-credit Scheme for Agricultural Development (MISCAD) a partnership between SPDC, the Central Bank of Nigeria, First Bank PLC and Cooperative Development Bank. All micro-credit schemes are operated under the principles of sustainable development and share three common features: Revolving Loans - Micro loans to micro-entrepreneur groups provided on a revolving credit basis and provided in partnership with Non Governmental Organisations (NGOs) and Scheme Management Committees nominated by the communities. Credit Guarantee Schemes - Implemented mainly through the Micro-Credit Scheme for Agricultural Development (MISCAD), this is a partnership between SPDC, Central Bank of Nigeria and commercial banks, specifically for farmers and agricultural co-operatives. Partnership - not just with the primary partner, the community itself, through PMCs, but also with the government, NDDC, the private sector, NG0s and donor agencies to ensure that a the broadest possible range of resources are harnessed. Training and capacity building - of all participants to enrich and empower local communities in the long-term and make a real contribution to the future economic development of the Niger Delta region. | 
