FLLO BIZ SUPPORT
BRIDGING THE GAP IN BANKING AND ACCESS TO CREDIT TO WOMEN OWNED SME
ACCESS TO FUND FOR TRAINED FEMALE ENTREPRENEURS
IT WILL SIGNIFICANTLY IMPROVE ACCESS TO FINANCE FOR WOMEN & WOMEN OWNED BUSINESSES, THEREBY SERVING AS A CATALYST FOR THE ACHIEVEMENT OF THEIR FULL POTENTIALS.
FINANCE FOR WOMEN OWNED BUSINESS BY BRIDGING THE GAP LIMITING THEIR ACCESS TO CREDIT
SME, TOGETHER WITH MICRO ENTERPRISES CONTRIBUTE 48% OF NOMINAL GDP AND EMPLOY 80% OF THE LABOUR FORCE.
THE CREDIT NEEDS OF LARGE ENTERPRISES ARE MET BY COMMERCIAL BANK AT LOWER INTEREST RATES.
THE MEDIUM ENTERPRISES ACCESS CREDIT THROUGH COMMERCIAL BANKS AND GOVERNMENT INTERVENTIONS WHILE THOSE OF MICRO ENTERPRISE ARE MET BY MICROFINANCE AND NON BANKS INSTITUTIONS AT THE HIGHEST RATES.
THERE IS NEED FOR SPECIFIC ADVISORY, ALTHOUGH WOMEN OWN 40% OF SME IN NIGERIA, THEY FACE GREATER CONSTRAINTS IN ACCESSING CREDIT THAN MEN OWNED BUSINESSES DUE TO SOCIO-CULTURAL,EDUCATION AND FINANCIAL LITERACY
ACCESS TO CREDIT FOR TRAINED FEMALE MICRO ENTREPRENEURS
WITH THE BELOW CRITERIA:
EXISTING BUSINESS
REGISTRATION WITH C.A.C
PROOF OF TRAINING
6 MONTHS BANK STATEMENT
CREDIT LIFE INSURANCE
A GUARANTOR
SHORTER PROCESSES AND EASY TO ACCESS
12-24 MONTHS REPAYMENT PLAN
SPECIFIC ADVISORY
TRAINED FEMALE ENTREPRENEURS
I WAS ONCE LIKE THEM
ACCESS TO FINANCE
- Enable small and new businesses, especially in untapped communities, to prosper and create good jobs through access to capital, networks, and technology
FOR A WOMAN TO BE TRAINED, SHE MEANS BUSINESS.
WE ARE ONLY TARGETING AND FUNDING THE TRAIN \ED ONES
- Growth: An organization with an established product, service, or business model rolled out in one or, ideally, several communities, which is poised for further growth
- A new application of an existing technology
EASY ACCESS TO FINANCE FOR FEMALE ENTREPRENEURS
THE APPLICATION PROCESS FROM START TO FINISH IS DONE VIRTUALLY, EXCEPT THE PART WHERE WE VISIT TO ESTABLISH THE EXISTENCE OF THE BUSINESSES
APPLY NOW
- Big Data
WOMEN SME FINANCE FOR FINANCIAL INCLUSION
- Women & Girls
- Rural
- Urban
- Poor
- Low-Income
- 1. No Poverty
- 5. Gender Equality
- 8. Decent Work and Economic Growth
- 10. Reduced Inequalities
- Nigeria
- Nigeria
CURRENTLY 23
200 PER YEAR
1000 IN 5 YEARS
TO REACH 1000 TRAINED FEMALE OWNED BUSINESSES
FINANCE
STRATEGY
FOR FINANCE, WE LOOK AT FOR GRANTS, DONATIONS AND LOANS
FOR STRATEGY, WE WILL LOOK FOR PARTNERSHIP
- For-profit, including B-Corp or similar models
NOT APPLICABLE
2 FULL TIME
1 PART TIME
WE WERE ONCE IN THEIR SHOES, SO CAN RELATE WELL WITH OUR BENEFICIARIES
WE PASSIONATELY STARTED WITH OUR LIFE SAVING
TEAM LEAD IS A FORMER BANKER AND TRAINED ACCOUNTANT
BANKS
WE PROVIDE EASY ACCESS TO FUND FOR 12-24 MONTHS AT THE LOWEST RATES THEY CAN GET
- Organizations (B2B)
WE STARTED WITH OUR SAVING, INTENDS TO SCALE UP WITH GRANTS, IMPACT FUNDS AND STRATEGIC PARTNERSHIPS
FOR FINANCIAL AN NON FINANCIAL RESOURCE
- Business model
- Solution technology
- Funding and revenue model
- Talent recruitment
- Board members or advisors
- Monitoring and evaluation
WE STARTED WITH PASSION, WE NEED STRATEGIC PARTNERS TO MAKE A BUSINESS OUT OF THIS.
WE NEED TO BUILD STRUCTURES THAT CAN STAND THE TEST OF TIME
ENTERPRISE DEVELOPMENT CENTERS
THEY CAN HELP ENSURE THAT THE BENEFICIARIES PUT THEIR TRAINING TO WORK IN THEIR BUSINESSES
IT MEANS MORE BENEFICIARIES
WE MAY BEGIN TO HELP THEM BUILD CAPACITY TOO BY SENDING THEM TO EDCS FOR FURTHER TRAINING
WE REPRESENT EVERYTHING WOMAN INCLUSION ALL THE WAY
MOST OF THESE WOMEN STARTED DOING BUSINESSES JUST TO PUT FOOD ON THEIR TABLES.
THE ADULT LITERACY AWARD WILL HELP PUT MOST OF THEM BACK IN ENTERPRISE DEVELOPMENT CENTERS TO BUILD CAPACITY FOR THEIR BUSINESSES
THE AWARD WILL ENABLE US USE TECHNOLOGY ALL THROUGH OUR PROCESS AND CAN REACH MORE WOMEN THAT WAY
