The Lagos State Micro Enterprise Loan Programme 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 9% interest rate per annum, is available to business owners who are registered residents of Lagos State.

Lagos State 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

Click Here To Apply

Lagos State Micro-Enterprise Loan Renewal (50,000-500,000) per person

FEATURES

  • AVAILABLE TO ALL BENEFICIARIES THAT HAVE FULLY LIQUIDATED THEIR PREVIOUS LOAN
  • MAXIMUM LOAN SIZE =N=500,000
  • TENOR = 12 MONTHS
  • EQUITY = 5% OF LOAN SIZE
  • INTEREST RATE = 5% PER ANNUM

REQUIREMENTS

  • LASSRA ID
  • TAX ID (LIRS)
  • VALID GOVERNMENT ISSUED IDENTITY CARD
  • BANK VERIFICATION NUMBER
  • 2 PASSPORT PHOTOGRAPHS
  • 6 MONTHS PERSONAL BANK STATEMENT
  • PREVIOUS LOAN REPAYMENT BANK STATEMENT

Click Here To Re-Apply

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