Rural Area Programme On Investment for Development (RAPID). The objective of the 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.
Aim and Benefits
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.
Requirements
- Completed Application Form
- Business Plan
- Acceptable Means of Identification
- BVN and NIN
- Proof of Residential Address
- Completed Guarantor Forms
- Other Terms and Conditions Apply
Interview date, Process and Venue
Target Market
- Micro and Small Businesses
- Community Groups in Rural Areas
Features
- Tenor: maximum of 3 years
- Interest Rate: 5% per annum
Application Deadline
May 29, 2024
How to Apply
Interested and qualified? Go to Rural Area Programme on Investment for Development (RAPID) on rapid.boi.ng to apply
For more details, visit RAPID website.
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