All you need to know about MTN Yellopreneur N2m Loan Application Portal can be accessed below.
Did you know that MTN is currently inviting women entrepreneurs to apply for its YellowPreneur Capacity Building Training Empowerment Program?
An applicant has the opportunity to take equipment loan up to N2 million.
The main objective of MTN Yellowpreneur is to reduce or reduce the unemployment rate of women and to promote the development of women in entrepreneurship by building the capacity to increase the entrepreneurial potential of women.
Read on as we showcase the MTN Yellopreneur N2m Device Loan Application Portal.
MTN Yellopreneur Loan Requirements -Who can Apply?
- Any female entrepreneur who can display passion and commitment to self-employment and run an existing business of up to two years in manufacturing, processing, ICT, agriculture, digital
services, Financial services, and so on.
- Kindly note that the focus is on businesses that source raw materials locally.
MTN Yellopreneur Loan Qualification
- The minimum qualification for the MTN Yellopreneur loan is a Senior Secondary School Certificate such as WAEC, NECO, NATEB or its equivalents.
- Disbursement Bank
- The disbursement bank or implementing partner on this initiative with the MTN Foundation is the Bank of Industry (BOI).
Capacity Building (Training)
There is going to be a virtual (online) training session that involves self-paced and instructor-led sessions. MTN will provide data throughout the training period.
The virtual MTN Yellopreneur training is scheduled to hold for a Four (4) weeks period in August 2022. Loan equipment Value: Each female entrepreneur will receive up to a N2million
equipment loan subject to their business plan analysis.
Loan repayment period
The MTN Yellopreneur loan repayment period is 6 months moratorium and 36 months repayment period.
Note: This loan repayment is subject to the terms and conditions agreed by the female entrepreneur beneficiary with BOI.
How to Apply
Candidates can apply for MTN Yellopreneur loan.
Submit your application, interested female entrepreneurs should follow this link