{"id":19007,"date":"2024-02-19T16:21:11","date_gmt":"2024-02-19T16:21:11","guid":{"rendered":"https:\/\/presspay.ng\/news\/?p=19007"},"modified":"2024-02-19T16:21:15","modified_gmt":"2024-02-19T16:21:15","slug":"call-for-applications-lsetf-msme-loan-program-n50000-n500000-per-person","status":"publish","type":"post","link":"https:\/\/presspay.ng\/news\/call-for-applications-lsetf-msme-loan-program-n50000-n500000-per-person\/","title":{"rendered":"Call For Applications: LSETF MSME Loan Program (N50,000 \u2013 N500,000 per person)"},"content":{"rendered":"\n<p>The LSETF Loan Program aims to create affordable access to funding for small businesses to grow, expand, create wealth, and put people to work. The loan scheme, which attracts only a 9% interest rate per annum, is available to business owners who are registered residents of Lagos State.<\/p>\n\n\n\n<p>The Lagos State Employment Trust Fund (LSETF) was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, to tackle unemployment through job and wealth creation.<\/p>\n\n\n\n<p>The Fund will operate with an initial capital of N25 billion contributed over four years by the Lagos State Government, but will also raise additional funding from various sources including donor partners, development agencies, corporate organizations, and individuals.<\/p>\n\n\n\n<p><strong>Categories<\/strong><\/p>\n\n\n\n<p><strong>LSETF Micro Enterprise Loan (N50,000 \u2013 N500,000) per person<\/strong><\/p>\n\n\n\n<p><strong>FEATURES<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AVAILABLE TO ALL BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE<\/li>\n\n\n\n<li>MAXIMUM LOAN AMOUNT =N=500,000<\/li>\n\n\n\n<li>LOAN TENOR = 12 MONTHS (NO MORATORIUM)<\/li>\n\n\n\n<li>EQUITY = 5% OF LOAN SIZE<\/li>\n\n\n\n<li>INTEREST RATE = 9% PER ANNUM<\/li>\n<\/ul>\n\n\n\n<p><strong>REQUIREMENTS<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>LASSRA ID<\/li>\n\n\n\n<li>TAX ID (LIRS)<\/li>\n\n\n\n<li>VALID GOVERNMENT ISSUED IDENTITY CARD<\/li>\n\n\n\n<li>BANK VERIFICATION NUMBER<\/li>\n\n\n\n<li>2 PASSPORT PHOTOGRAPHS<\/li>\n\n\n\n<li>6 MONTHS BANK STATEMENT<\/li>\n\n\n\n<li>BUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR<\/li>\n<\/ul>\n\n\n\n<p><strong>LSETF Micro Enterprise Start-Up Loan (N50,000 \u2013 N250,000) per person<\/strong><\/p>\n\n\n\n<p><strong>FEATURES<\/strong><\/p>\n\n\n\n<p>AVAILABLE TO ALL MICRO ENTERPRISE START-UPS IN LAGOS STATE<\/p>\n\n\n\n<p>MAXIMUM LOAN AMOUNT =N=250,000<\/p>\n\n\n\n<p>TENOR = 12 MONTHS<\/p>\n\n\n\n<p>EQUITY = 5% OF LOAN SIZE<\/p>\n\n\n\n<p>INTEREST RATE = 9% PER ANNUM<\/p>\n\n\n\n<p><strong>REQUIREMENTS<\/strong><\/p>\n\n\n\n<p>LASSRA ID<\/p>\n\n\n\n<p>TAX ID (LIRS)<\/p>\n\n\n\n<p>VALID GOVERNMENT ISSUED IDENTITY CARD<\/p>\n\n\n\n<p>BANK VERIFICATION NUMBER<\/p>\n\n\n\n<p>1 PASSPORT PHOTOGRAPH<\/p>\n\n\n\n<p>VOCATIONAL TRAINING CERTIFICATE FROM A LAGOS STATE-RECOGNISED CERTIFYING BODY<\/p>\n\n\n\n<p><strong>TACT LOAN<\/strong><\/p>\n\n\n\n<p>DO YOU RESIDE OR RUN A BUSINESS IN THE LAGOS EAST SENATORIAL DISTRICT (EPE, IBEJU-LEKKI, IKORODU, KOSOFE OR SOMOLU)? IF YOU DO, WE ARE PLEASED TO INFORM YOU THAT YOU CAN APPLY FOR THE TACT LOAN (FACILITATED BY SENATOR MUKHAIL ADETOKUNBO ABIRU) AND GET UP TO ONE MILLION NAIRA AT AN INTEREST RATE OF 6% PER ANNUM!<\/p>\n\n\n\n<p>THE LOANS ARE IN FOUR CATEGORIES:<\/p>\n\n\n\n<p>NANO LOANS (N10,000 \u2013 N100,000)<\/p>\n\n\n\n<p>MICRO ENTERPRISE START-UP LOANS (N50,000 \u2013 N250,000)<\/p>\n\n\n\n<p>MICRO ENTERPRISE LOANS (N50,000 \u2013 N500,000)<\/p>\n\n\n\n<p>SMALL &amp; MEDIUM ENTERPRISE LOANS (N500,000 \u2013 N1,000,000)<\/p>\n\n\n\n<p>TO LEARN MORE ABOUT THE PROGRAM, VISIT&nbsp;<strong><a href=\"https:\/\/www.tokunboabiru.org\/msme-1000\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.tokunboabiru.org\/msme-1000<\/a><\/strong><\/p>\n\n\n\n<p><strong>Click&nbsp;<a href=\"https:\/\/loans.lsetf.ng\/\">HERE&nbsp;<\/a>to Apply<\/strong><\/p>\n\n\n\n<p><strong>Click&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=zN0Q-s9nn-Q&amp;feature=youtu.be\">HERE<\/a>&nbsp;for guidelines on Applications<\/strong><\/p>\n\n\n\n<p><strong>Click&nbsp;<a href=\"https:\/\/lsetf.ng\/content\/msme-loan-programme\">HERE<\/a>&nbsp;for More INFO<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The LSETF Loan Program aims to create affordable access to funding for small businesses to grow, expand, create wealth, and<\/p>\n","protected":false},"author":1,"featured_media":19008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[43],"tags":[],"class_list":["post-19007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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