FATE Foundation Revolving Fund Programme for Nano and Micro Enterprises 2025 – YOA

Deadline: February 17, 2025

FATE Foundation in partnership with Youth Business International (YBI) and Standard Chartered Foundation, is happy to announce the launch of the Revolving Fund Programme 2025 to assist 300 Nano and Micro Enterprises for the subsequent 3 years. This programme is a part of the Futuremakers Global Youth financial empowerment initiative to assist Youth companies globally.

They are excited to ask you to take part within the three-part Revolving Fund Programme, designed to equip you with monetary literacy data and entry to low-curiosity loans. The 3 phases are:

• Phase 1 – WhatsApp LMS Course: Bite-sized Financial Literacy course on WhatsApp offering foundational monetary administration expertise to higher put together for mortgage alternatives.
• 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 to 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-curiosity (2%-5%) loans, with a 6-month moratorium interval.

Benefits

• Financial Literacy Training
• Business Development & Advisory Support
• Digital instruments and Financial Empowerment
• Funding (Low Interest Loan from N500,000 to N10,000,000)

Eligibility

• Open to Young entrepreneurs aged 18 – 35 years.
• Be resident in Lagos, Nigeria.

Requirements for Loan

• 90% class attendance and participation.
• Business should 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.

Application

Click here to apply

For extra info, go to Revolving Fund Programme.