Last week we compiled a list of 9 places your Nigerian small business can get funding from. That list is by no means exhaustive as we know there a quite a number of these places to access funding. This is a continuation, we hope to continue adding more of these places, hopefully, you can find the perfect place for the fund for that business of yours.
1. Bank of Agriculture
Headquartered in Kaduna, the Bank of Agriculture provides credit to support all activities in the agricultural value chain. This it does through either direct lending to qualified loan applicants engaged in agricultural and non-agricultural small businesses or through providing credit facilities to issuing organizations through its on-lending service.
Contact them here
2. Shell LiveWIRE
Shell describes its liveWIRE program as a social investment programme that aims to help young Nigerians explore the option of starting their own business as a real and viable career option.
Operating mainly in the Niger-Delta region, the program provides support for young entrepreneurs aged between 18 to 35 years through the provision of training and start-up finance.
More about the scheme here.
3. BUDFOW- Business Development Fund for Women
This is a 90 million Naira by the Federal Ministry of Women Affairs and Social Development (FMWASD), that provides soft loans to women entrepreneurs. The fund is managed by the Bank of Industry. Find them here.
4. Mara Mentor
Mara Mentor foundation, seeks to increase productive activity of SME sectors in the countries it operates (Nigeria included). The seed-funded social enterprise is supported globally by partners: Ernst & Young, UN Women, McKinsey, Emirates Foundation, President Obama’s Initiative: YALI
5. BMCE Bank of Africa
The Bank of Africa awards African entrepreneurs involved in businesses with relevant to one either education, environment or a high-impact business venturing into unexplored territory or untested markets
Applicants can be resident anywhere in the world but have to be African citizens.
Geared towards women just like the African Women’s Development Fund, She.Leads.Africa accelerator provides an intensive three-month support, at the end of which the top entrepreneur stands the chance to get 2 million naira in funding. The programme also provides a unique opportunity to pitch ideas to top African business moguls.
7. CocaCola Africa Foundation Entrepreneurship Programme
CocaCola Africa through this initiative provides life skills training, business skills training and access to employment and mentoring,
All these as part of an initial $4.5 million investment and technology and strategic partnerships to accelerate and scale the initiative across the continent.
By 2020, the goal is to have reached 500,000 youths.
8. Youth Entrepreneurship Support (YES) Programme
This is a Bank of Industry scheme aimed at entrepreneurs within the age bracket of 18 – 35 years that have viable business ideas.
The programme includes technical training, online Entrepreneurship and Business Management, in-class Entrepreneurship and Business Management training and financing the businesses by BOI under its SME Cluster initiative.
9. AYEEN-Africa’s Young Entrepreneurs Empowerment Nigeria
Africa’s Young Entrepreneurs Empowerment Nigeria began in 2014. The thirteen episode entrepreneurial reality show features participants aged 18 to 45 years pitching their ideas and businesses before a panel of judges. The businesses cut across the various sectors of the economy: transportation, technology, commodity goods, manufacturing, hospitality, agriculture, and so on.
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