Are you a Female entrepreneur? Now you have more reasons to smile and succeed with a discounted financing solution known as the “LSETF-W Initiative Loan” specially created by the Access Bank W Initiative program in partnership with the Lagos State Employee Trust Fund (LSETF) to provide low-interest loans for female businesses to flourish in the state.

The “LSETF- W Initiative loan” is a financing scheme for female traders/MSME’s operating in Lagos state regardless of their state of origin. This means applications from non-indigenes who are resident in Lagos and own at least 50% ownership in either start-ups, micro-enterprises, or small and medium enterprises will be accepted for consideration.

LSETF/ACCESS BANK MICRO ENTERPRISE START UP LOAN (50,000 – 250,000)

FEATURES

  • AVAILABLE TO FEMALE MICRO ENTERPRISE START-UPS IN LAGOS STATE
  • MAXIMUM LOAN AMOUNT =N=250,000
  • TENOR = 12-15 MONTHS (INCLUDING 3 MONTHS MORATORIUM)
  • EQUITY = 5% OF LOAN SIZE
  • INTEREST RATE = 10% PER ANNUM

      REQUIREMENTS

  • LASSRA ID
  • TAX ID (LIRS)
  • VALID GOVERNMENT ISSUED IDENTITY CARD
  • BANK VERIFICATION NUMBER
  • 2 PASSPORT PHOTOGRAPHS
  • VOCATIONAL CERTIFICATE FROM A LAGOS STATE RECOGNISED CERTIFYING BODY

LSETF/ACCESS BANK MICRO ENTERPRISE LOAN (50,000-500,000)

    FEATURES

  • AVAILABLE TO ALL FEMALE 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 = 10% 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

 

LSETF/ACCESS BANK SMALL AND MEDIUM ENTERPRISE LOAN (500,000-5,000,000)

FEATURES

  • AVAILABLE TO ALL FEMALE BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
  • MAXIMUM LOAN SIZE =N=5M
  • TENOR = 24 – 36 MONTHS
  • EQUITY = 5% OF LOAN SIZE
  • INTEREST RATE = 10% PER ANNUM

      REQUIREMENTS

  • LASSRA ID
  • TAX ID (LIRS)
  • VALID GOVERNMENT ISSUED IDENTITY CARD
  • TIN NUMBER (FIRS TAX IDENTIFICATION NUMBER)
  • VALID CAC DOCUMENTS
  • BANK VERIFICATION NUMBER
  • 2 PASSPORT PHOTOGRAPHS
  • 12 MONTHS CORPORATE BANK STATEMENT
  • BUSINESS MUST BE REGISTERED WITH CAC AND OPERATIONAL FOR AT LEAST A YEAR

Apply For The LSETF/Access Bank Women Enterprise Fund  Here

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