The LSETF Micro Enterprise Start Up Loan is pat of the Lagos State Employment Trust Fund (LSETF) which was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, for job, wealth creation and to tackle unemployment.

As at August 2018, the Fund has helped indirectly create 25,348 jobs created by beneficiaries of its loan and employability programs, supported a total of 10,473 individuals under its diverse entrepreneurship programs, has trained a total of 3187 people, and of the total number of beneficiaries, 7,826 beneficiaries were supported under its loan program.

Its 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 5% interest rate per annum, is available to business owners who are registered residents of Lagos State.

LSETF Micro Enterprise Start Up Loan (N50,000 – N250,000) per person

FEATURES

  • AVAILABLE TO ALL 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 = 9% 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

Apply For The LSETF Micro Enterprise Start Up Loan Here

SMALL AND MEDIUM SIZE ENTERPRISE LOAN RENEWAL

FEATURES

  • AVAILABLE TO ALL BENEFICIARIES THAT HAVE FULLY LIQUIDATED THEIR PREVIOUS LOAN
  • MAXIMUM LOAN SIZE = (=N=5M)
  • TENOR = 24 – 36 MONTHS
  • EQUITY = 5% OF LOAN SIZE
  • INTEREST RATE = 5% 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
  • PREVIOUS LOAN REPAYMENT BANK STATEMENT

Click Here To Re-apply For The LSETF Micro Enterprise Start Up Loan

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