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.
About MTN Foundation
The MTN Foundation scholarship scheme seeks to attract high performing full time students studying in public tertiary institutions (universities, polytechnics and colleges of education) in Nigeria. The scholarship provides financial assistance to students who might otherwise be unable to pay for their tertiary education and aims to recognize and reward academic excellence.
MTN Foundation Yellopreneur Grant and Loan
| Application Deadline | Not Specified |
| Type | Entrepreneurs |
| Sponsor | MTN Foundation |
| Gender | Men and Women |
Aim and Benefits of MTN Foundation Yellopreneur Grant and Loan
- The participants of the training who meet the set criteria for selection of the top 100 entrepreneurs, will receive equipment loans of up to N2 million, to enable them grow and sustain their businesses.
- Upon full payback of the equipment-loan, grants would be extended to those who meet expectation of the credit terms.
Requirements for MTN Foundation Yellopreneur Grant and Loan Qualification
- Applicants must be a female entrepreneur
Application Deadline
Not SpecifiedHow to Apply
Interested and qualified? Go to MTN Foundation on apps.mtn.ng to applyStage 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.
For more details, visit MTN Foundation website