BOI RAPID Initiative (Loan 5% per Annum , Training fro small businesses) - NAIJA STICK

BOI RAPID Initiative (Loan 5% per Annum , Training fro small businesses)

Rural Area Programme On Investment for Development (RAPID)

Your Gateway to Empowerment and Growth

• The objective of the programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness. 

The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. 

In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.

Empowerment

• Provide resources, skills, and opportunities to buisnesses local in rural areas , particularly MSMEs, with focus on Youth and Women entrepreneurs .

Job Creation

• Stimulate job creation, particularly for youth and women, through the growth and expansion of rural enterprises

Economic Diversification

Promote the development of diverse economic activities beyond traditional agriculture in rural areas.

Financing Program for Micro and Small Businesses, as well as Community Groups

Get funding and support for projects to grow micro and small businesses, and develop community infrastructure.

Target Market

• Micro and Small Businesses
• Community Groups in Rural Areas

Features

Tenor: maximum of 3 years

Interest Rate: 5% per annum

Eligibility Criteria

• Completed Application Form
• Business Plan
• Acceptable Means of Identification
• BVN and NIN
• Proof of Residential Address
• Completed Guarantor Forms
• Other Terms and Conditions Apply

Method of Application 

Interested and Qualified should Go to : Click Here To Apply 

Learn more information about it visit official website here