MTN Y’ellopreneur is an initiative of the MTN Foundation designed to provide capacity-building and funding opportunities to qualified Nigerian female entrepreneurs, in collaboration with the Bank of Industry.
The Foundation is committed to bridging female entrepreneurial skills gap, through a 4-week virtual training programme meant to ultimately empower more female folks, in alignment with the Federal Government’s Sustainable Development Goals Agenda.
The participants of the training who meet the set criteria for selection of the top 100 entrepreneurs, will receive equipment loans of up to N2 million, to enable them grow and sustain their businesses. Upon full payback of the equipment-loan, grants would be extended to those who meet expectation of the credit terms.
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.
Training Date
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
https://www.mtn.ng/yellopreneur/
Entries close on July 8, 2022. Only shortlisted candidates will be contacted. Thank you.
