Call for Applications: LSETF MSME Loan Program (N50,000 – N500,000 per person)

Call for Applications: LSETF MSME Loan Program (N50,000 – N500,000 per person)

LSETF MSME Loan Program (N50,000 – N500,000 per person)

The LSETF Loan Program 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 a 9% interest rate per annum, is available to business owners who are registered residents of Lagos State.

The Lagos State Employment Trust Fund (LSETF) was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, to tackle unemployment through job and wealth creation.

The Fund will operate with an initial capital of N25 billion contributed over four years by the Lagos State Government, but will also raise additional funding from various sources including donor partners, development agencies, corporate organizations, and individuals.

Also Apply: Tony Elumelu Entrepreneurship Program for Women 2024 // $5 Million in Funding

Categories

LSETF Micro Enterprise Loan (N50,000 – N500,000) per person

FEATURES

  • AVAILABLE TO ALL BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
  • MAXIMUM LOAN AMOUNT =N=500,000
  • LOAN TENOR = 12 MONTHS (NO MORATORIUM)
  • EQUITY = 5% OF LOAN SIZE
  • INTEREST RATE = 9% PER ANNUM

REQUIREMENTS

  • LASSRA ID
  • TAX ID (LIRS)
  • VALID GOVERNMENT ISSUED IDENTITY CARD
  • BANK VERIFICATION NUMBER
  • 2 PASSPORT PHOTOGRAPHS
  • 6 MONTHS BANK STATEMENT
  • BUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR

LSETF Micro Enterprise Start-Up Loan (N50,000 – N250,000) per person

FEATURES

AVAILABLE TO ALL MICRO ENTERPRISE START-UPS IN LAGOS STATE

MAXIMUM LOAN AMOUNT =N=250,000

TENOR = 12 MONTHS

EQUITY = 5% OF LOAN SIZE

INTEREST RATE = 9% PER ANNUM

REQUIREMENTS

LASSRA ID

TAX ID (LIRS)

VALID GOVERNMENT ISSUED IDENTITY CARD

BANK VERIFICATION NUMBER

1 PASSPORT PHOTOGRAPH

VOCATIONAL TRAINING CERTIFICATE FROM A LAGOS STATE-RECOGNISED CERTIFYING BODY

TACT LOAN

DO YOU RESIDE OR RUN A BUSINESS IN THE LAGOS EAST SENATORIAL DISTRICT (EPE, IBEJU-LEKKI, IKORODU, KOSOFE OR SOMOLU)? IF YOU DO, WE ARE PLEASED TO INFORM YOU THAT YOU CAN APPLY FOR THE TACT LOAN (FACILITATED BY SENATOR MUKHAIL ADETOKUNBO ABIRU) AND GET UP TO ONE MILLION NAIRA AT AN INTEREST RATE OF 6% PER ANNUM!

THE LOANS ARE IN FOUR CATEGORIES:

NANO LOANS (N10,000 – N100,000)

MICRO ENTERPRISE START-UP LOANS (N50,000 – N250,000)

MICRO ENTERPRISE LOANS (N50,000 – N500,000)

SMALL & MEDIUM ENTERPRISE LOANS (N500,000 – N1,000,000)

TO LEARN MORE ABOUT THE PROGRAM, VISIT https://www.tokunboabiru.org/msme-1000

Click HERE to Apply

Click HERE for guidelines on Applications

Click HERE for More INFO

Never miss an opportunity Join our WHATSAPP GROUP OR WHATSAPP

Join our TELEGRAM GROUP

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