BRAVE Women Nigeria in partnership with Wema Bank invites Female Entrepreneurs, Lead Firms and Business Associations to apply for its grant programme.
Under the this BRAVE project, female entrepreneurs can access from $5000 – $15000 grant, while women associations can access up to $50,000 (naira equivalent) as matching grant to finance asset (for businesses in Lagos and Abuja only)
Women Entrepreneurs
Available Grant: $5,000 – $15,000
Eligibility Criteria
> Must be located in any of the project states (Lagos and Abuja)
> Women-owned SMEs are those SMEs in which women own 51% or more shareholding in the enterprise.
> For Women-led SMEs, women must own at least 20% of the shares.
> The enterprise must also have at least one woman in top management positions (COO/CEO/President/Vice President) or 30% women membership in the Board of Directors (where the board exists).
> The SMEs must be active in the business sectors of agri-business, education, health, textile/garments and energy
> Must have between 2 and 100 staff.
> Must not be involved in providing financial services and charging interest (like conventional banks, and insurance companies) or involved in any other business not approved under the Shari’ah (including the manufacturing, selling or offering of liquors, pork, haram meat, or involvement in gambling, night club activities or pornography.
> Registered enterprises (business name, partnership or limited liability company) are preferred, but if you are in the process of registering with CAC and have evidence of business operations for the past 12 months, you can still register and submit your application.
Lead Firms in Nigeria
Available Grant: $40,000 – $50,000
Eligibility Criteria
> Lead firms are large companies with commercial relationships with at least 20 Micro, Small and Medium Scale Enterprises MSMEs.
> They buy finished products or semi-processed products from the MSMEs and are active in the business sectors of agri-business, education, health, textile/garments and energy.
> They can be located in any part of Nigeria, but must have dealings with MSMEs in at least one of the project states of Lagos and Abuja.
> The lead firm must also have commercial business with at least two major actors in its business sector value chain.
Business Associations & Cooperatives
Available Grant: $40,000 – $50,000
Eligibility Criteria
> Business Associations must have many active members and provide services to them in the business sectors of agri-business, education, health, textile/garments and energy.
> The business associations must provide trainings, market expansions, cost saving innovations services etc. to members and represent their interests at state and national levels.
