FATE Foundation Revolving Fund Programme for Nano and Micro Enterprises 2025: (Deadline 17 February, 2025)
FATE Foundation in partnership with Youth Business International (YBI) and Standard Chartered Foundation, is excited to announce the launch of the Revolving Fund Programme 2025 to support 300 Nano and Micro Enterprises for the next 3 years. This programme is a part of the Futuremakers Global Youth economic empowerment initiative to support Youth businesses globally.
They are excited to invite you to participate in the three-phase Revolving Fund Programme, designed to equip you with financial literacy knowledge and access to low-interest loans. The 3 phases are:
- Phase 1 – WhatsApp LMS Course: Bite-sized Financial Literacy course on WhatsApp providing foundational financial management skills to better prepare for loan opportunities.
- Phase 2 – Hybrid Training Programme: Certified and shortlisted WhatsApp LMS participants will continue their learning with a 4-week hybrid training, deepening their understanding of business planning and financial management. This will help you develop skills critical for business growth and sustainability.
- Phase 3 – Revolving Fund Loans: Eligible entrepreneurs from the hybrid training programme will gain access to low-interest (2%-5%) loans, with a 6-month moratorium period.
Benefits
- Financial Literacy Training
- Business Development & Advisory Support
- Digital tools 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 must be registered with CAC.
- Business is viable and must have made a steady profit in the last 3 years.
- Submission of a sustainable business growth plan.
Deadline: 17 February, 2025
Application
For more information, visit Revolving Fund Programme.
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