Credit Grant Scholarship by Lagos State Employment Trust Fund (LSETF)

Published: 01 Jan 1970 3,350 views

The Lagos COVID-19 Action Recovery and Economic Stimulus (CARES) Program is a state-level intervention that seeks to mitigate the local effects of the COVID-19 worldwide pandemic at the state-level, by protecting the livelihoods of existing and newly poor and vulnerable households and supporting the recovery of local economic activity especially among MSMEs.

The program consists of 3 Results Areas (RAs) as defined below:

• RA1 – Focuses on Social Protection
• RA2 – Focuses on Agriculture and;
• RA3 – Focuses on Micro Small and Medium scale enterprises (MSMEs)

LSETF Credit Grant

Application Deadline	Not Specified
Country to study	Nigeria
Type	Entrepreneurs
Sponsor	Lagos State Employment Trust Fund (LSETF)
State of Origin	Lagos
Gender	Men and Women

Benefits of LSETF Credit Grant

Credit Grant: This provides credit grants to co-finance up to 40% of performing loans taken by businesses from June 2020 to date, from qualified financial institutions after the onset of the COVID-19 crisis.

• Micro Enterprises: Up to ? 1Million
• SMEs: Up to ? 1Million

Requirements for LSETF Credit Grant

MICRO ENTERPRISES

• BVN of Principal
• Company Registration where applicable
• Evidence of existing business operation.
• LASRRA
• Evidence of tax payment
• Evidence of Existing Loan from qualified Financial institutions
• Minimum of 3 staff

SMES

• BVN of Directors
• Company Registration
• Evidence of existing business operation.
• Evidence of Tax Payments
• LASRRA of Directors
• Evidence of Existing Loan from qualified Financial institutions
• Minimum of 10 staff

Application Deadline

Not Specified

How to Apply

Interested and qualified? Go to Lagos State Employment Trust Fund (LSETF) on apply.lsetf.ng to apply

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