Sterling Bank, in collaboration with the Development Bank of Nigeria (DBN), is extending a heartfelt invitation to women entrepreneurs all over Nigeria to take part in its ₦20 billion funding program. This initiative has been carefully crafted to support businesses led by women, granting them access to reasonably priced financial assistance and the chance to grow their enterprises in vital sectors of the economy.
The primary goal of this program is to break down the financial obstacles that often hinder female entrepreneurs, offering them the chance to secure up to ₦75 million in loans that are specifically geared towards fostering growth. These loans come with flexible repayment options, ensuring that women founders have the support they need to thrive and succeed.
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Key Highlights
- Total Fund Size: ₦20 Billion
- Maximum Loan Amount: ₦75 Million per business
- Repayment Period: Up to 3 years
- Target Group: Women-owned and women-led businesses in Nigeria
- Eligible Sectors: Healthcare, Education, Agriculture, Fashion, Food & Beverage
- Partners: Sterling Bank and Development Bank of Nigeria (DBN)
Benefits
- Access up to ₦75 million in capital to grow or scale your business
- Enjoy a flexible 3-year repayment plan
- Gain financing designed specifically for women entrepreneurs
- Backed by credible national financial institutions
- Support for business expansion and sustainability
Eligibility Criteria
- Applicant must be a woman entrepreneur or business owner
- Business must be registered and operating in Nigeria
- Enterprise should be women-led or majority women-owned
- Operate within one of the eligible sectors listed above
How to Apply
1. Visit the official application portal
2. Review the program details and eligibility requirements.
3. Complete the online application form with accurate business information.
4. Submit your application before the deadline indicated on the portal.
