Interest Free Loan is abound for those that needs funds to start up or bankroll their business in Kwara State. The state government released this in a communique made available to the public.
The development is geared towards supporting young entrepreneur in the state by the Governor Abdulrahman Abdulrazaq. The ample moves is structured to lift up infant business through investment in younger generation that would become successful business gurus in Nigeria, Africa and the entire world.
The free-loan scheme is targeting 300 SMEs with individual to receiving N3,000,000 each after a due consideration. The target is geared towards early-stage and idea-stage beginnings and transform them into a potential and succeeding business.
The state is targeting 3,00 startups which will be trained for about two weeks in digital, advisory services and capacity building. The scheme incentives includes encouraging innovation and job creation of new businesses as well as expansion already existing businesses.
ELIGIBILITY FOR KWAPRENEURS SCHEME
. Participants must hail from Kwara state
. Such must be ready to start up a business
. Such should have an already existing business before applying for the scheme.
FEATURES PROGRAMME FOR PARTICIPANTS
. TWO DAY FINANCIAL WORKSHOP: Those participants that present would undertake a compulsory requisite knowledge great enough to carry out and improve the business management. And this is so important for the state Government.
. MAKEATHON PITCH SESSION: Those that will feature in the semi finalist would have the ample opportunity to showcase their products to panel of judges who will give the final verdict for 15 finalist with the most business innovative.
. TWO WEEKS ACCELERATOR BOOTY CAMP: The accelerator booty camp will lead all the 300 participants a procedural intervention which will help to rapidly improve the business management.
. SEED CAPITAL: Those 3,00 participants that undergo the accelerator booty camp will receive startups of N3,000,000 free-loan.
HOW TO APPLY
The application for this entrepreneur scheme is current ongoing, The application start today the 10th of May and will end on 18th of may. If you want to apply for this application, click here to apply