Unlock Business Growth with Funding & Financial Literacy
FATE Foundation, in collaboration with Youth Business International (YBI) and Standard Chartered Foundation, has launched the Revolving Fund Programme to support 300 Nano and Micro Enterprises over the next three years.
This initiative, part of the Futuremakers Global Youth Economic Empowerment project, provides a unique opportunity for young entrepreneurs to access financial literacy training, business support, and low-interest loans ranging from N500,000 to N10,000,000.
If you’re a small business owner looking to scale, this is a golden opportunity to gain essential financial skills and secure funding with just 2%-5% interest and a 6-month moratorium period.
Let’s dive into the details!
What is the FATE Foundation Revolving Fund Programme?
This program is a three-phase initiative designed to help nano and micro businesses thrive by offering financial literacy training and affordable funding. The three phases are:
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Phase 1: WhatsApp LMS Course (Financial Literacy Training)
- A bite-sized financial literacy course delivered via WhatsApp.
- Covers essential business finance management to prepare applicants for funding opportunities.
Phase 2: Hybrid Training Programme (Business Growth & Strategy)
- A 4-week hybrid training for shortlisted participants.
- Focuses on business planning, financial management, and sustainability.
- Offers business development and advisory support.
Phase 3: Revolving Fund Loans (Low-Interest Business Loans)
- Eligible participants will access loans from N500,000 to N10,000,000.
- Loans come with a 2%-5% interest rate and a 6-month moratorium.
- Aims to tackle financial challenges and fuel business expansion.
Who is Eligible for the Loan?
To qualify for the FATE Foundation Revolving Fund, you must meet the following criteria:
✔️ 90% class attendance and active participation in the training.
✔️ Business must be registered with CAC (Corporate Affairs Commission).
✔️ Business must be viable and have recorded steady profits for the last 3 years.
✔️ Submission of a sustainable business growth plan.
Target Audience
- Young entrepreneurs aged 18 – 35 years.
- Residing in Oyo State.
- Seeking financial empowerment to scale their businesses.
Why Should You Apply? (Key Benefits)
✅ Comprehensive Financial Literacy Training – Learn how to manage business finances effectively.
✅ Business Development & Advisory Support – Get expert guidance to scale your business.
✅ Access to Digital Tools – Leverage technology for financial empowerment.
✅ Low-Interest Loans (N500K – N10M) – Affordable funding to grow your enterprise.
This is a game-changing opportunity for small business owners in Nigeria, especially those struggling with funding and financial management.
How to Apply for the Revolving Fund Programme
The application deadline is February 17, 2025.
📌 Apply here: FATE Foundation Revolving Fund
Act fast! Limited slots available.
Final Thoughts
The FATE Foundation Revolving Fund Programme is more than just a loan—it’s a holistic approach to business growth, equipping young entrepreneurs with the skills, resources, and funding needed to succeed.
If you are a nano or micro-business owner looking to scale, don’t miss out on this life-changing opportunity.
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