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