Green SME Financing Scheme (₦500 Million) for SMEs In Nigeria

Please check your E-mail inbox or spam to confirm.

ProvidusBank and Nigeria Climate Innovation Center (NCIC) have entered a partnership to provide access to finance for green eligible SMEs in Nigeria for the purpose of scaling green businesses, creating wealth, reducing unemployment by generating green jobs, driving the private sector, and improving the country’s GDP, while keeping the environment safer, cleaner, and more sustainable.

JOIN US FOR MORE ON:
or

How to Apply

Go to https://nigeriacic.org/ncic-pbl-green-sme-financing-application/

The said partnership with ProvidusBank has structured a credit line of N500 Million exclusively to finance eligible Green SMEs in Nigeria.

Business Areas Eligible for Funding

The ₦500Million Naira Green Financing Scheme is designed to finance climate-smart businesses playing in the following green thematic areas such as:

HEY THERE: Are you looking for a WhatsApp TV where you can find great memes, funny videos, and trending gists, even with several opportunities with cash prizes? Then look no further. LOP TV is here to bring to you this top-rated content. JOIN LOP TV now

  • Renewable Energy,
  • Waste Management,
  • Smart Agriculture,
  • Water Solutions & Innovation, including;
  • Circular Businesses with positive environmental impact
SEE ALSO: Apply for Green Stimulus Programme 2021

Eligibility & Requirements For Financing

The SME Must Fulfil The Following Conditions, the Company must have operated for a minimum of 12 months as evidenced by the Certificate of Incorporation, Business Registration, Date of Incorporation/Registration.

  • A review of the customer’s 12 monthly’ bank statements from the primary bank used by the business.
  • Extracted debit and credit turnover analysis of the bank’s statement.
  • Operational cash flow from business operations must be able to service loan obligations regardless of other sources of income. Other sources of income are secondary.
  • Verification of ALL Customer’s supporting documents.
  • The business location shall be a verifiable office in use by the borrower.
  • Directors and Promoters of the corporate entities/Business Name must have BVN.
  • The customer must have a good credit history. This will be confirmed via a credit check on the client (Promoters/Directors) and Business.
  • KYC documentation must be in place (No deferrals).
  • Satisfactory legal search report on the company (the search must not be more than six months old).
  • The maximum loan amount for a borrower is capped at N10 Million. However, approval can be sought for higher amounts in the event the borrower’s cash flow demonstrates the capacity to borrow more than the capped amount.
SEE ALSO: How to Apply For First Trader Solutions (FTS) Loan 2021

Documentation:

If screened and selected as a potential borrower, documentations for financing will include the following:

Valid means of identification (includes National ID card, International Passport, Drivers’ License, & other acceptable means) for individuals and promoters of business name registration

Company’s Memorandum and Articles of Association as filed with the Corporate Affairs Commission (Business name and corporate entities)

  • Loan application letter
  • 12 months bank statement
  • Credit Bureau Checks
  • Company profile
  • Management profile
  • Cash flow projection
  • Relevant operating license
  • Duly executed Loan offer letter
  • Loan Agreement
  • Advisory fee Agreement
  • Domiciliation of cash from business – Opening ProvidusBank account
  • Board Resolution for Corporate entities; Letter of Undertaking for Business Names
  • Evidence of KTC Adequacy

For more information, please drop comments, we would be glad to help.

MASSIVE OFFER: Get your business seen by 8,000 people for just N1,000. How? See here!

Free Meta Business Management Course


DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.
Easter Hunt Sale
Easter Sale
Sam Rantimi

About the Author: Sam Oluwarantimi

Interpersonal Communication Specialist & Graduate (Biology), Obafemi Awolowo University. Join me on Twitter.

Got a question/Suggestion? Let's talk!

LATEST OPPORTUNITIES:

🕛 Jan 30, 2023
2023 ACU Commonwealth Summer School for Talented University Students
in Scholarships | for Post Graduates

🕛 Jan 30, 2023
Apply: CERN 2023 Summer Student Internship Program
in Internships / Graduate Trainee Progs. | for Post Graduates

🕛 Jan 30, 2023
Dufil Prima Foods 2023 Graduate Trainee Programme for Young Nigerians
in Internships / Graduate Trainee Progs. | for Graduates

🕛 Jan 30, 2023
Minority Africa Fellowship for African Journalists and Storytellers 2023
in Fellowships | for Journalists

🕛 Jan 30, 2023
The Farmgate Cafe National Poetry Award 2022/2023
in Awards & Prizes | for Writers & Poets

🕛 Jan 30, 2023
The Farmgate Café National Poetry Award 2023
in Awards & Prizes | for Writers & Poets

🕛 Jan 31, 2023
American University Human Rights Essay Award 2023(Fully-funded to Washington D.C. USA)
in Awards & Prizes | for Professionals

🕛 Jan 31, 2023
Apply: West Africa Civil Society Institute (WACSI) 2023 Next Generation Internship Program
in Internships / Graduate Trainee Progs. | for Africans

🕛 Jan 31, 2023
Cheshire Prize for Literature 2022
in Awards & Prizes | for Writers & Poets

🕛 Jan 31, 2023
Cudos Foundation 2023 Grant Program for African Entrepreneurs ( $5,000 to $250,000 USD)
in Grants & Fundings | for Africans

1 2 3 4 5 6 7 8 9 10 11 12