The Kwara State Government has rolled out plans to support young entrepreneurs in the state with huge interest-free loan.
The initiative which is one of the biggest empowerment initiatives in Nigeria will support young entrepreneurs with scalable businesses and ideas with up to N3 million non-interest loans.
Kwapreneurs is part of the Kwara State Social Investment Programme and it will benefit at least 1,200 young entrepreneurs over the next four years,with the initiative accelerating the growth of businesses in agro-processing, logistics, transportation, among others.
To apply for the loan, visit www.kwapreneurs.com
All entries will be judged by experts and professionals on their economic value. The most viable ideas will be selected.
The process is promised to be a free, fair and credible process to make it work. More so, beneficiaries will have three-month moratorium on the loans before they start refunding in tranches and they will also be given business management skills.
This current administration believes that one of the ways to hasten economic development in the state is to empower the talents and ideas of the youths, irrespective of their religion or gender.
Digital Kwara initiative was launched last year which has trained over 13,000 of the youths in marketable digital skills.357