BOI Rural Area Programme On Investment for Development (RAPID) - up to N10,000,000 funding available

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About BOI Rural Area Programme On Investment for Development (RAPID)

The objective of the BOI RAPID programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness. The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.

Target Market

• Micro and Small Businesses
• Community Groups in Rural Areas

Features

• Tenor: maximum of 3 years
• Interest Rate: 5% per annum

 

• Sponsor Organisation: Bank of Industry (BOI)

Benefits of BOI Rural Area Programme On Investment for Development (RAPID)

• Up to N10,000,000 funding available 

BOI Rural Area Programme On Investment for Development (RAPID) Requirments

• Completed Application Form
• Business Plan
• Acceptable Means of Identification
• BVN and NIN
• Proof of Residential Address
• Completed Guarantor Forms
• Other Terms and Conditions Apply

Application Date and Process

• Click on the link to the application website to register and apply for this opportunity.

Application Deadline

29 May, 2024

Scholarship Application Portal

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