LSETF serves as an instrument to inspire the creative and innovative energies of all Lagos residents and reduce unemployment across the State. The Fund has the mandate to directly invest N25Billion in helping Lagos residents grow and scale their Micro Small and Medium Enterprises (“MSMEs”) or acquire skills to get better jobs.
The LSETF Loan Programme aims to create affordable access to funding for small businesses to grow, expand, create wealth and put people to work. The loan scheme, which attracts only 9% interest rate per annum, is available to business owners who are registered residents of Lagos State.
The Fund expects to create 300,000 (Three Hundred Thousand) direct and 600,000 (Six Hundred Thousand) indirect jobs within three years, by supporting at least 100,000 (One Hundred Thousand) MSMEs.
The Fund will deliver primarily through its partners and will leverage their experience & capabilities to achieve its goals
Micro Enterprise LoanMicro Enterprise Start Up LoanSmall and Medium Size Enterprise Loan
LSEFT Micro Enterprise Loan
Benefits
FEATURES
AVAILABLE TO ALL BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATEMAXIMUM LOAN AMOUNT =N=500,000LOAN TENOR = 12 MONTHS (NO MORATORIUM)EQUITY = 5% OF LOAN SIZEINTEREST RATE = 9% PER ANNUM
Requirements
LASSRA IDTAX ID (LIRS)VALID GOVERNMENT ISSUED IDENTITY CARDBANK VERIFICATION NUMBER2 PASSPORT PHOTOGRAPHS6 MONTHS BANK STATEMENTBUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR
Interested in this scholarship; Go down to apply
LSEFT Micro Enterprise Start Up Loan
Benefits
AVAILABLE TO ALL MICRO ENTERPRISE START-UPS IN LAGOS STATEMAXIMUM LOAN AMOUNT =N=250,000TENOR = 12 MONTHSEQUITY = 5% OF LOAN SIZEINTEREST RATE = 9% PER ANNUM
Requirements
LASSRA IDTAX ID (LIRS)VALID GOVERNMENT ISSUED IDENTITY CARDBANK VERIFICATION NUMBER1 PASSPORT PHOTOGRAPHVOCATIONAL TRAINING CERTIFICATE FROM A LAGOS STATE-RECOGNISED CERTIFYING BODY
Interested in this scholarship; Go down to apply
LSEFT Small and Medium Size Enterprise Loan
Benefits
AVAILABLE TO ALL SMALL AND MEDIUM SIZE BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATEMAXIMUM LOAN SIZE =N=5MTENOR = 24 – 36 MONTHSEQUITY = 5% OF LOAN SIZEINTEREST RATE = 9% PER ANNUM
Requirements
LASSRA IDTAX ID (LIRS)VALID GOVERNMENT ISSUED IDENTITY CARDTIN NUMBER (FIRS TAX IDENTIFICATION NUMBER)VALID CAC DOCUMENTSBANK VERIFICATION NUMBER2 PASSPORTS12 MONTHS CORPORATE BANK STATEMENTBUSINESS MUST BE REGISTERED WITH CAC AND OPERATIONAL FOR AT LEAST A YEAR
Method of Application
Click Here to Apply
For More Information,
Visit the Official Webpage
Application Deadline: March 31, 2024.
