The Lagos State Employment Trust Fund (LSETF) was established by The Lagos State Employment Trust Fund Law 2016 to provide financial support to residents of Lagos State, for job, wealth creation and to tackle unemployment
The LSETF Loan Programme aims to create affordable access to funding for small businesses to grow, expand, create wealth and put people to work.
The loan scheme, which attracts only 9% interest rate per annum, is available to business owners who are registered residents of Lagos State
The LSETF Loan Programme aims to create affordable access to funding for small businesses to grow, expand, create wealth and put people to work. The loan scheme, which attracts only 9% interest rate per annum, is available to business owners who are registered residents of Lagos State.
LSETF Micro Enterprise Loan (N50,000 – N500,000) per person
FEATURES
- AVAILABLE TO ALL BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
- MAXIMUM LOAN AMOUNT =N=500,000
- LOAN TENOR = 12 MONTHS (NO MORATORIUM)
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 9% PER ANNUM
REQUIREMENTS
- LASSRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT ISSUED IDENTITY CARD
- BANK VERIFICATION NUMBER
- 2 PASSPORT PHOTOGRAPHS
- 6 MONTHS BANK STATEMENT
- BUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR
CLICK HERE TO APPLY
LSETF Micro Enterprise Start Up Loan (N50,000 – N250,000) per person
FEATURES
- AVAILABLE TO ALL MICRO ENTERPRISE START-UPS IN LAGOS STATE
- MAXIMUM LOAN AMOUNT =N=250,000
- TENOR = 12-15 MONTHS (INCLUDING 3 MONTHS MORATORIUM)
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 9% PER ANNUM
REQUIREMENTS
- LASSRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT ISSUED IDENTITY CARD
- BANK VERIFICATION NUMBER
- 2 PASSPORT PHOTOGRAPHS
- VOCATIONAL CERTIFICATE FROM A LAGOS STATE RECOGNISED CERTIFYING BODY
CLICK HERE TO APPLY
LSETF Small and Medium Size Enterprise Loan (N500,000 – N5,000,000) per business
FEATURES
- AVAILABLE TO ALL SMALL AND MEDIUM SIZE BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
- MAXIMUM LOAN SIZE =N=5M
- TENOR = 24 – 36 MONTHS
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 9% PER ANNUM
REQUIREMENTS
- LASSRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT ISSUED IDENTITY CARD
- TIN NUMBER (FIRS TAX IDENTIFICATION NUMBER)
- VALID CAC DOCUMENTS
- BANK VERIFICATION NUMBER
- 2 PASSPORTS
- 12 MONTHS CORPORATE BANK STATEMENT
- BUSINESS MUST BE REGISTERED WITH CAC AND OPERATIONAL FOR AT LEAST A YEAR
CLICK HERE TO APPLY
LSETF/FIRST-EDU LOAN (500,000-5,000,000) per school
FEATURES
- AVAILABLE TO SCHOOLS OPERATING IN LAGOS STATE
- MAXIMUM LOAN SIZE =N=5M
- TENOR = 12 – 24 MONTHS
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 9% PER ANNUM
REQUIREMENTS
- LASSRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT ISSUED IDENTITY CARD
- TIN NUMBER (FIRS TAX IDENTIFICATION NUMBER)
- VALID CAC DOCUMENTS
- MINIMUM OF 100 STUDENTS ENROLLED
- BANK VERIFICATION NUMBER
- 2 PASSPORT PHOTOGRAPHS
- 12 MONTHS CORPORATE BANK STATEMENT
- SCHOOL OR TRAINING INSTITUTE MUST BE REGISTERED WITH THE CAC AND OPERATIONAL FOR AT LEAST 1YEAR.
CLICK HERE TO APPLY
LSETF/EDFIN EDU LOAN (500,000-5,000,000) per school
FEATURES
- AVAILABLE TO SCHOOLS OPERATING IN LAGOS STATE
- MAXIMUM LOAN SIZE =N=5M
- TENOR = 12 – 30 MONTHS
- EQUITY = 5% OF LOAN SIZE AND 10% OF ASSET FINANCE.
- INTEREST RATE = 9% PER ANNUM
REQUIREMENTS
- LASSRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT ISSUED IDENTITY CARD
- TIN NUMBER (FIRS TAX IDENTIFICATION NUMBER)
- VALID CAC DOCUMENTS
- MINIMUM OF 50 STUDENTS ENROLLED
- BANK VERIFICATION NUMBER
- 2 PASSPORT PHOTOGRAPHS
CLICK HERE TO APPLY
LEAP Tourism Loans
FEATURES
- AVAILABLE TO ALL BUSINESSES IN THE TOURISM AND HOSPITALITY SECTOR OPERATING IN LAGOS STATE AND REGISTERED UNDER THE MINISTRY OF TOURISM
- MAXIMUM LOAN SIZE =N=5M
- TENOR = 12 – 24 MONTHS
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 5% PER ANNUM
REQUIREMENTS
- LASRRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT-ISSUED IDENTITY CARD
- TIN NUMBER (FIRS TAX IDENTIFICATION NUMBER)
- VALID CAC DOCUMENTS
- BUSINESS MUST BE REGISTERED UNDER THE MINISTRY OF TOURISM
- BANK VERIFICATION NUMBER
- 2 PASSPORT PHOTOGRAPHS
- 12 MONTHS CORPORATE BANK STATEMENT
CLICK HERE TO APPLY
LSETF/ACCESS BANK WOMEN ENTERPRENEURS LOAN (W-INITIATIVE)
LSETF/ACCESS BANK MICRO ENTERPRISE START UP LOAN (50,000 – 250,000)
FEATURES
- AVAILABLE TO FEMALE MICRO ENTERPRISE START-UPS IN LAGOS STATE
- MAXIMUM LOAN AMOUNT =N=250,000
- TENOR = 12 MONTHS (INCLUDING 3 MONTHS MORATORIUM)
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 10% PER ANNUM
REQUIREMENTS
- LASSRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT ISSUED IDENTITY CARD
- BANK VERIFICATION NUMBER
- 2 PASSPORT PHOTOGRAPHS
- VOCATIONAL CERTIFICATE FROM A LAGOS STATE RECOGNISED CERTIFYING BODY
LSETF/ACCESS BANK MICRO ENTERPRISE LOAN (50,000-500,000)
FEATURES
- AVAILABLE TO ALL FEMALE BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
- MAXIMUM LOAN AMOUNT = (=N=500,000)
LOAN TENOR = 12 MONTHS (NO MORATORIUM)
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 10% PER ANNUM
REQUIREMENTS
- LASSRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT ISSUED IDENTITY CARD
- BANK VERIFICATION NUMBER
- 2 PASSPORT PHOTOGRAPHS
- 6 MONTHS BANK STATEMENT
- BUSINESS MUST BE IN EXISTENCE FOR AT LEAST ONE YEAR
LSETF/ACCESS BANK SMALL AND MEDIUM ENTERPRISE LOAN (500,000-5,000,000)
FEATURES
- AVAILABLE TO ALL FEMALE BUSINESS OWNERS OPERATING AND RESIDENT IN LAGOS STATE
- MAXIMUM LOAN SIZE =N=5M
- TENOR = Up to 24 MONTHS
- EQUITY = 5% OF LOAN SIZE
- INTEREST RATE = 10% PER ANNUM
REQUIREMENTS
- LASSRA ID
- TAX ID (LIRS)
- VALID GOVERNMENT-ISSUED IDENTITY CARD
- TIN NUMBER (FIRS TAX IDENTIFICATION NUMBER)
- VALID CAC DOCUMENTS
- BANK VERIFICATION NUMBER
- 2 PASSPORT PHOTOGRAPHS
- 12 MONTHS CORPORATE BANK STATEMENT
- BUSINESS MUST BE REGISTERED WITH CAC AND OPERATIONAL FOR AT LEAST A YEAR
CLICK HERE TO APPLY
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