Omojuwa Foundation is a non-profit organisation dedicated to developing and promoting policies that foster wealth creation, vast improvement in education, support for the unserved and underserved communities, and the collective progress and development of Nigeria and the African continent.
Through the establishment of its Small Business Support Fund, the Foundation has so far benefitted 41 small and medium enterprises in its first round of grants.
The purpose of these grants is to drive entrepreneurship as a potent force for positive change. The Foundation aims to leverage the strong momentum, goodwill and success earned through the SBS Fund to fuel future growth and development for our country and continent as a whole.
The second batch of the Small Business Fund is scheduled for mid-2017 with a minimum target of N5 million to be granted to innovative micro businesses.
Omojuwa Small Business Support Fund (SBS) – is the initiative of Japheth Omojuwa, chief strategist at Alpha Reach, the small business support fund provides grants ranging from 50,000 to 120, 000 naira to business owners in need of funding support. The purpose of the fund is to help young Nigerian entrepreneurs starting a business, it also provides existing businesses with the additional cash flow to move forward.
The fund recently disbursed over 2 million naira to over 30 businesses. In addition, will help awarded entrepreneurs with website development services, media and professional support as well as business development training from volunteers.