The MTN Y’ellopreneur Initiative seeks to contribute to the reduction in women unemployment and advance women development in ‘Entrepreneurship’ through capacity building and access to capital through loans, grants, and advisory support services for long term business sustainability.
MTN Nigeria Foundation launched a pilot phase of the Y’ellopreneur Initiative in 2022. In Phase One, 4,711 Female Entrepreneurs were trained in the fundamentals of business Management & Development.
This training empowered them to vie for the opportunity to receive up to N2 Million as equipment loan/grants to grow their businesses. Equipment loans of over N94 Million were disbursed to 50 female entrepreneurs. Upon full repayment of the loan, our Y’ellopreneurs will receive 25% of the loan value as grants.
Method of Application
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Stage 1: Entrepreneurial skills training for 1000 female entrepreneurs
Stage 2: Development and Presentation of Bankable Business plan
Stage 3: Equipment loan support of up to 3 million naira each for 250 female entrepreneurs
Stage 4: Business advisory support services
Stage 5: Seamless loan repayment processes to ensure project sustainability.
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