Revolving Fund Programme 2025: Empowering Young Entrepreneurs

FATE Foundation, in collaboration with Youth Business International (YBI) and Standard Chartered Foundation, is thrilled to introduce the Revolving Fund Programme 2025—a transformative initiative designed to support 300 Nano and Micro Enterprises over the next three years. This programme is part of the global Futuremakers initiative, which focuses on equipping young entrepreneurs with financial knowledge, business development support, and access to funding.

If you’re a young business owner looking for opportunities to strengthen your financial skills and secure low-interest loans, this programme is tailored for you.

Programme Structure: 3 Phases to Business Success

The Revolving Fund Programme follows a structured, three-phase approach to ensure participants gain essential knowledge before accessing funding:

Phase 1 – WhatsApp LMS Course

Participants will engage in a bite-sized financial literacy course via WhatsApp. This phase covers foundational skills in financial management, budgeting, and business planning, helping entrepreneurs build a solid understanding before advancing to the next stage.

Phase 2 – Hybrid Training Programme

Shortlisted candidates from Phase 1 will take part in a four-week hybrid training that blends online and in-person sessions. This phase focuses on advanced business planning, financial management, and sustainability strategies, ensuring entrepreneurs are well-prepared for long-term success.

Phase 3 – Access to Revolving Fund Loans

Upon completing the training, eligible participants will receive low-interest loans (2%-5%) with a six-month moratorium period. Loan amounts range from ₦500,000 to ₦10,000,000, providing businesses with the financial support needed to scale operations and improve sustainability.

Key Benefits of the Programme

Participants will gain access to:

1. Financial Literacy Training – Learn essential skills for managing business finances.
2. Business Development & Advisory Support – Get expert guidance on business growth strategies.
3. Digital Tools & Financial Empowerment – Leverage technology to streamline operations.
4. Funding Opportunities – Secure a low-interest loan to expand your business.

Who Can Apply?

To be eligible, you must meet the following criteria:

• Age Requirement: Open to entrepreneurs aged 18 – 35 years.
• Location: Must be a resident of Lagos, Nigeria.

Loan Eligibility Requirements

To qualify for funding, applicants must:

• Attend at least 90% of training sessions and actively participate.
• Own a business registered with the Corporate Affairs Commission (CAC).
• Demonstrate business viability with a steady profit record over the last three years.
• Submit a sustainable business growth plan outlining future objectives.

Interested entrepreneurs should submit their applications before the February 17, 2025 deadline.

APPLY NOW

For further details, visit the Revolving Fund Programme 2025 official page. Don’t miss this opportunity to take your business to the next level!