150 Women Go Benefit From MTN N300m Equipment Grant
One hundred and fifty women go receive up to N2 million-naira equipment loan grant as di first phase of MTN Foundation’s Y’elloprenuer initiative go soon close.
Two hundred female entrepreneurs go participate for pitch competition between February 16 and 22, 2023, to qualify for di grant. Following di pitch, di outstanding 150 women entrepreneurs with bankable business ideas go get support with di equipment loan grant at a fixed interest rate of 2.5 per cent and a 36 – months repayment duration from MTN.
According to di recent report by PWC Nigeria, women account for 41 per cent of di ownership of micro-businesses for Nigeria, with 23 million female entrepreneurs wey dey operating within this segment.
FOR MORE NEWS: Sabinus don react to video of Tinubu wey raise hands when pipo dey sing national anthem
Despite di numbers, plenty female entrepreneur dey struggle to scale dia businesses, due to a lack of access to start-up capital or capital for expansion and inadequate business training wey dey create skills gap.
Speaking on the Y’ellopreneur programme, executive secretary, MTN Foundation, Odunayo Sanya, yarn say di goal of di initiative na to encourage growth and expansion of more sustainable women-led businesses. “Di female unemployment rate for Nigeria dey about 35.2 per cent, despite di high percentage of women-led businesses.
Di Y’ellopreneur initiative na to equip female business owners with di required business skills and necessary funds to enable sustainable businesses led by women,”.
You fit go read di full tori…READ MORE
