OpenLoan/BlendedNigeria
LSETF MSME Loan Programme
Lagos State Employment Trust Fund (LSETF)
- Amount or benefit
- Micro Enterprise Loan N50,000 - N500,000 per person; Start Up Loan N50,000 - N250,000; SME Loan N500,000 - N5,000,000 per business; 9% interest per annum
- Deadline
- RollingApply links shown for each loan track; no closing date stated
- Who can apply
- Business owners operating and resident in Lagos State with LASRRA ID, LIRS tax ID, BVN and other documents; most tracks require the business to have existed for at least one year (start-up track needs a recognised vocational certificate).
- Location rule
- Lagos State, Nigeria only
- Applicant type
- Individual, Business
- Stage
- Early-stage, Growth, Established
- Sectors
- Business & entrepreneurshipAny field
- Notes
- Concessional loan (not a grant); 5% equity contribution of loan size required.