Kwara NG Cares Portal 2021 – The application portal for Kwara NG cares MSME is currently open for interested applicants now.
On this page is all you need to know in order to successfully apply for this Kwara cares grant for MSMEs.
Contents
Kwara Ng Cares for MSME’s Grant Requirements 2021
To be selected for the grant, there are certain requirements you need to have. The authorities of the Kwara Ng Cares have stated clearly that candidates who possess the following requirements should apply for the grant.
- Existing Business Operations
- Existing loan from qualified Financial Institution (Credit Worthiness)
- Minimum of 3 employees
Informal businesses in Kwara State that have been operating for 2 years and above.
Formal businesses in Kwara that have been operating for 3 years and above.
Businesses with a minimum of 3 staff and above
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Kwara Ng-Cares for MSME’s application Guidelines
This provides a Credit grant to co-finance up to 40% of new loans given to businesses by qualified financial institutions which originated during the pandemic from 1st March 2020 to 31st March 2021.
- Single Grant Limit: Up to ₦50,000 for Micro enterprises to be paid to the lender (3-9 employees)
- Up to ₦350,000 for Small businesses (10-50 employees) and maximum of ₦650,000 for Medium enterprises to be paid to the lender’s account (51 and above employees).
How to Apply for Kwara Ng Cares Grant 2021
Interested applicants who have met the requirements can visit the application portal and start applying for the ongoing grant. Follow the procedures below to log in to the Kwara Ng-Cares for MSME’s application portal.
- Visit www.kwassip.org/kwaracares
- Click on “Click here to apply”
- Supply your email address
- Fill in your credentials
- Attach the required documents
- Submit
Please Note: All shortlisted candidates will be contacted via email and SMS regarding the next phase of the application.
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