MTN Yellopreneur N2M Equipment Loan - Apply Now

 

Apply For MTN Yellopreneur N2M Equipment Loan

MTN is inviting female entrepreneurs to apply for its Yellopreneur Capacity Building Training empowerment program to stand a chance of getting a N2million equipment loan.

The MTN Yellopreneur aims to contribute to the reduction in women’s unemployment and advance women’s development in ‘Entrepreneurship’ f through capacity building to enhance their entrepreneurial abilities.

The Foundation is committed to bridging female entrepreneurial skills gap, through a 4-week virtual training program meant to ultimately empower more female folks, in alignment with the Federal Government’s Sustainable Development Goals Agenda.

The participants of the training who meet the set criteria for selection of the top 100 entrepreneurs, will receive equipment loans of up to N2 million, to enable them grow and sustain their businesses. Upon full payback of the equipment-loan, grants would be extended to those who meet expectation of the credit terms.

Who can Apply For Yellopreneur?

A Female entrepreneur who displays passion and commitment for self-employment and runs an existing business of two years and above in manufacturing, processing, agriculture, ICT/digital services, Financial services, etc. The focus is on businesses that source raw materials locally.

Minimum qualification: 

The minimum qualification is a Secondary School Certificate.
The implementing partner on this initiative with MTN Foundation is the Bank of Industry (BOI).

You may want to also read: BOI Youth Entrepreneurship Support Programme - Apply Now

Capacity Building (Training): 

There will be virtual (online) training sessions that will involve self-paced and instructor-led sessions. MTN will provide data throughout the training period.

Scheduled period for the Training: 

The virtual Training is scheduled to hold For a 4 weeks period in August 2022.

Loan equipment Value:

 

Each female entrepreneur will receive up to an N2million equipment loan subject to their business plan analysis.

Repayment period: 

The equipment loan repayment period is 6 months moratorium and 36 months repayment period. However, this is subject to the terms & conditions reached between the female entrepreneur and BOI.

How to Apply:

Interested female entrepreneurs should

Note: Only shortlisted applicants will be contacted.