If you own a micro or nano business enterprise, then you should apply for this opportunity. The FATE Foundation Revolving Fund Program 2025 offers a unique opportunity to access low-interest loans, financial literacy training, and business advisory support to help you thrive.
What is the FATE Foundation Revolving Fund Program?
The FATE Foundation, in partnership with Youth Business International (YBI) and the Standard Chartered Foundation, has launched the Revolving Fund Program to support nano and micro enterprises in Nigeria. This initiative is part of the Futuremakers Global Youth Economic Empowerment program, aimed at fostering youth entrepreneurship and economic growth.
Program Benefits
- The program provides low-interest loans ranging from N500,000 to N10,000,000.
- Participants will undergo a WhatsApp LMS Course offering bite-sized financial literacy lessons to build foundational financial management skills.
- Certified participants will continue their learning with a 4-week hybrid training program, deepening their understanding of business planning and financial management.
- Eligible entrepreneurs will gain access to low-interest loans (2%-5%) with a 6-month moratorium period, allowing you to focus on business growth without immediate repayment pressure.
- The program offers advisory services in areas such as accounting, legal, tax, HR, marketing, and digital tools.
Eligibility Criteria
To be eligible for the FATE Foundation Revolving Fund Program 2025, your business must meet the following criteria:
- Be a nano or micro enterprise based in Lagos or Ogun State.
- Be registered with the Corporate Affairs Commission (CAC).
- Have made a steady profit over the last three years.
- Submit a sustainable business growth plan.
Deadline, February 17, 2025
For more information, visit FATE Foundation Revolving Fund Program
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