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Link to Apply for LSETF Micro Enterprise Loan 2024 | loans.lsetf.ng

by myeduproject March 12, 2024
written by myeduproject March 12, 2024
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Link to Apply for LSETF Micro Enterprise Loan 2024 | loans.lsetf.ng

Link to Apply for LSETF Micro Enterprise Loan 2024 | loans.lsetf.ng: The Lagos state government is pleased to inform the general public, particularly small business owners that the LSETF Micro Enterprise Loan Scheme for Business Owners is currently receiving application

If you are a resident of Lagos state and need funds to establish or expand your business, search no more, this is the opportunity you have been waiting for, up to 250,000 naira worth of loan can be secured

Your quest to get a loan for business expansion is here, search no further, all you need to do is to read all the details below and follow all application requirements in good fate

If you need money to purchase equipment, working capital, expand business premises, hire additional staff, and invest in technology or infrastructure improvements, then the LSETF Micro Enterprise loan scheme is waiting for you

For clarity, “the LSETF Micro Enterprise loan is a loan product offered by the Lagos State Employment Trust Fund (LSETF) to support micro, small and medium-sized enterprises (MSMEs) in Lagos State.

The loan is designed to provide access to affordable financing for MSMEs to enable them to expand their businesses, create jobs, and contribute to the economic development of the state”

The LSETF Micro Enterprise Loan came into light in 2016 by the Government of Lagos state, since then, it has given out more than 10 Billion naira loans to more than 10,000 MSMEs, tantamount to creating over 50,000 thus; creating employment opportunities and expanding the state economy

LSETF Micro Enterprise Loan Requirements

The following requirements are paramount;

Bank Verification Number

2 passport photographs

6 months bank statement

Business must be in existence for at least one year

LASSRA ID

Tax ID (LIRS)

Valid government-issued ID

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Loan Tenure

Applicants must understand that, this is a loan and not a grant, meaning they will be required to pay with interest at an agreed time, and refusal to pay back may attract stringent measures with stiff penalties

LSETF Micro Enterprise loan has a single-digit interest rate of 9% per annum, with a repayment period of up to 36 months

Link to Apply

LSETF Micro Enterprise loan web portal is up and running, make hay and apply by visiting its portal https://loans.lsetf.ng/

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