The grant available to SMEs is between $5,000 – $15,000.
Must be located in any of the project states (Gombe, Kano and Edo states)
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.