Oxfam-EDC SME Impact Program 2024 for Nigerian Small & Medium Enterprises (SMEs)
Program Overview
Oxfam-EDC SME Impact Program [Year] for Nigerian Small and Medium Enterprises (SMEs) has what it takes to contribute tremendously to building a substantial system in the economy by increasing the employment rate and creating a better source of income for individuals.
the program would also distribute necessary products and services to individuals fighting and living in extreme poverty, especially subsistence farmers, young adults and women.
Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises (SMEs) was established to support small and medium enterprises in Nigeria to live up to their fullest potential by financially assisting them rather than small and medium enterprises in Nigeria relying on just their capital.
Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises (SMEs) also provides already made business development services to support small and medium enterprises that are not just in Nigeria alone but in other countries like Somalia, Uganda and Vietnam.
Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises (SMEs) would select small and medium enterprises by screening their business plans and financial capacity and how they plan to positively impact their communities socially.
Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises (SMEs) would monitor small and medium enterprises once they receive funding to enable them to deliver and keep to the set terms and conditions.
Also note, that once small and medium enterprises received funding from the Program on their social impact on their communities would be observed continuously from the moment the small and medium enterprises receive the funding to a particular duration of time.
Eligibility Criteria for the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises (SMEs)
Entrepreneurs who wish to apply for the Program should take note of the following eligibility criteria listed below;
Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises would also support enterprises that are into manufacturing and also produce products used by women and enterprises that focused on either ICT and renewable energy or recycling of already used products.
Another eligibility for the Oxfam-EDC SME Impact Program is that entrepreneurs must be between the ages of 25-40yrs.
Entrepreneurs who wish to apply for the Oxfam-EDC SME Impact Program must record a yearly turnover of about N40 million.
Entrepreneurs who wish to apply for the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises must have at least 250 employees working and receiving salaries under them.
Entrepreneurs must be running their business for not less than 2yrs before they would be eligible.
Please note that once entrepreneurs are selected for the Oxfam-EDC SME Impact Program they would be required to pay an N75,000 as a commitment fee.
How to Apply for the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises (SMEs)
Below are the following steps entrepreneurs must take note of while applying for the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises;
- Entrepreneurs should create a profile that would enable them to apply online.
- After registration entrepreneurs log in their details and select start application on the page.
- Entrepreneurs should always remember to click on the save tap if they want to return to their online application form.
- Once entrepreneurs are done filling out their application form correctly they should select the submit tap to enable them to submit their form.
- Entrepreneurs should keep their ears open and watch out for extra information after the expiration of the application form and if they have been selected to move to the next round for the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises.
Benefits of Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises
The benefits of the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises are in two categories which are outlined below;
- Entrepreneurs
Entrepreneurs who registered and received the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises can list their startups, entrepreneurs could also find mentors and counsellors, and also receive the necessary capital to fund their business.
Entrepreneurs would gain benefits from the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises such as access to a platform that allows them to connect with business experts overseas for advice at no cost at all.
Entrepreneurs would be able to get steady updates on their financial progress and connect with over 2,000 investors who could help support their business financially.
- Investors
Investors who registered and received the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises would receive full access to startup progress that is related to their investment.
Investors would also receive benefits such as information about new investment opportunities, they would also receive new business plans, the would also be able to check investment plans, and would receive other relevant documents to support their investment.
Investors would receive benefits from the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises such as reduced due diligence to enable them to save time and link up with already established angel networks or they could also create their link up platform.
Terms and Conditions for the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises (SMEs)
Below are the terms and conditions for the Oxfam-EDC SME Impact Program;
- The only individuals who are allowed to create a profile on the Oxfam-EDC SME Impact website are entrepreneurs who understand business risk and are ready to apply for the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises.
- Oxfam-EDC SME Impact Program is only for entrepreneurs who are searching for business advice and good investors.
- Oxfam-EDC SME Impact Program is also for individuals who are good investors and have enough knowledge or information to safeguard their interest rates.
- Individuals must note that Oxfam-EDC SME Impact Program has more than enough rights to reject an investor or entrepreneur if they are seen unfit for the program.
- Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises also had the right to release content online submitted by either an investor or an entrepreneur as a means of marketing the services of the Oxfam-EDC SME Impact Program.
Please note that information regarding partner programs on the VC4A platform would not be publicised.
In conclusion, the application form for the Oxfam-EDC SME Impact Program for Nigerian Small and Medium Enterprises is currently closed and would resume next year. For more information on Oxfam-EDC SME Impact Program please follow my page.
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