How to Apply For SMEDAN Grant, Fill ASBC Application Form » Voice of Nigeria

April 16, 2022 Mary

SMEDAN Grant – S100,000 — $1,000,000 for entrepreneurs in Nigeria – Fill ASBC Application Form

It is now very popular news that SMEDAN has announced a new, bumper grant of $ 1,000,000 for entrepreneurs in Nigeria and the rest of Africa.

We now have more information about this. How can aspiring Nigerians take advantage of this opportunity to grow their businesses by applying for this SMEDAN grant?

For those MSMEs who have yet to apply for this benefit, the Nigerian Small and Medium Enterprise Development Agency (SMEDAN) has generally offered $ I00,000 grant opportunities to Micro, Small and Medium Enterprises (MSMEs) in Nigeria and Africa. Has been re-announced.

The main goal of this project is to grow small companies in Nigeria and other African countries by the United States.

The project will provide MSMEs with subsidies of up to $100,000 and technical assistance.

Agriculture and food security, education, healthcare, sanitation and hygiene, as well as climate change and gender justice will all be addressed.

More information on the African Small Business Catalyst Program (ASBC)

African Small Business Catalyst (ASBC) was developed by the United States International Development Finance Corporation (DFC) and the United States African Development Foundation (USADF) to support early-stage small and medium-sized enterprises (SMEs). first in sub-Saharan Africa.

ASBC is a small business accelerator that offers loans ranging from $100,000 to $1 million, as well as technical assistance (TA) and grants of up to $100,000 to SMEs. ASBC focuses on SMEs in sub-Saharan African nations engaged in agriculture, food security, healthcare and education, as well as water, sanitation and hygiene (WASH), with a special focus on SMEs that strive to solve climate catastrophe and gender equity issues.

How to apply for SMEDAN Grant – How to fill Fill ASBC Application Form

The African Small Business Catalyst (ASBC) program is a simple VAT technical application process. Following the steps outlined below will help you reach your teen goal:
1. First visit to the official SMEDAN ASBC portal: https://usadf.gov/program-application-form
2. Here you need to fill ASBC application form

3.How do I apply to ASBC?

Start by answering the following questions:

Are you a small business operating in at least one of these countries: Côte d’Ivoire, Senegal, Uganda, Nigeria?
– You need to select right option-
Is your business in one of the following sectors: agriculture & food security, education, healthcare, and water, sanitation, hygiene (WASH)?
– You need to select right option-
Does your business have a social impact mission?
– You need to select right option-
Have you been actively engaged in running this or other businesses in Africa for 2 or more years?
– You need to select right option-
Does your business have a written accounting procedure manual?
– You need to select right option-
Do you have financial management accounts for the business for the last 2 years?
– You need to select right option-
Do you operate a bank account for the business transactions?
– You need to select right option-
Is your business formally registered/incorporated according to local laws?
– You need to select right option-
Does your business have majority African ownership?
– You need to select right option-
Does your business have any women in senior positions in the company (management or board)?
– You need to select right option-
Are you seeking debt capital for growth?
– You need to select right option-
Do you have enough assets and equity to support a loan of USD $100,000 or more?
– You need to select right option-
Are you struggling to obtain adequate funding from local banks or other investment partners?
– You need to select right option-
Do you need technical support with the development of your business model, product, management training, or other key areas of your business?