FATE Foundation Revolving Fund Programme for Nano and Micro Enterprises
Application Deadline: February 17, 2025
Applications at the moment are open for the 2025 FATE Foundation Revolving Fund Programme. FATE Foundation in partnership with Youth Business International (YBI) and Standard Chartered Foundation, is happy to announce the launch of the Revolving Fund Programme to help 300 Nano and Micro Enterprises for the following 3 years. This programme is a part of the Futuremakers Global Youth financial empowerment initiative to help Youth companies globally.
he three-phase Revolving Fund Programme, designed to equip you with monetary literacy data and entry to low-interest loans. The 3 phases are:
Phase 1 – WhatsApp LMS Course: Bite-sized Financial Literacy course on WhatsApp offering foundational monetary administration expertise to raised put together for mortgage Opportunities.
Phase 2 – Hybrid Training Programme: Certified and shortlisted WhatsApp LMS individuals will proceed their studying with a 4-week hybrid coaching, deepening their understanding of enterprise planning and monetary administration. This will assist you develop expertise essential for enterprise development and sustainability.
Phase 3 – Revolving Fund Loans: Eligible entrepreneurs from the hybrid coaching programme will acquire entry to low-interest (2%-5%) loans, with a 6-month moratorium interval.
Programme Objective:
The Revolving Fund Programme goals to handle the monetary challenges confronted by small-scale companies by providing low-interest loans, complemented by complete monetary literacy and administration coaching. This method not solely gives entrepreneurs with the capital wanted for enterprise development but additionally equips them with the required expertise to handle and maintain their companies successfully. and tackle the essential challenges that hinder the expansion of small-scale enterprises.
This programme is a novel alternative for nano and micro enterprise homeowners in Lagos State to boost their monetary expertise, safe the funding crucial for development, and join with a community of like-minded entrepreneurs.
Requirement for Loan
- 90% class attendance and participation
- Business have to be registered with CAC
- Business is viable and should have made a gradual revenue within the final 3 years
- Submission of a sustainable enterprise development plan
For More Information:
Visit the Official Webpage of the FATE Foundation Revolving Fund Programme
FATE Foundation Revolving Fund Programme for Nano and Micro Enterprises – YOA
