FATE Foundation in partnership with Youth Business International (YBI) and Standard Chartered Foundation, is excited to announce the launch of the Revolving Fund Programme 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.
Programme Objective: The Revolving Fund Programme aims to address the financial challenges faced by small-scale businesses by offering low-interest loans, complemented by comprehensive financial literacy and management training. This approach not only provides entrepreneurs with the capital needed for business growth but also equips them with the necessary skills to manage and sustain their businesses effectively. and address the critical challenges that hinder the growth of small-scale enterprises.
Sponsor: FATE Foundation
Eligible countries: Nigerians
Category: Training
Deadline: 17 February 2025.
Eligibility Criteria
- Young entrepreneurs aged 18 – 35 years.
Programme Benefits
- Financial Literacy Training
- Business Development & Advisory Support
- Digital tools and Financial Empowerment
- Funding (Low Interest Loan from N500,000 to N10,000,000)
Requirement
- 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
How to Apply
If you meet the scholarship criteria, read more about the application process on the official announcement page. Then, Click the apply link below.