5 Funding Organisations For Entrepreneurs

 The major problem facing entrepreneurs these days is their incapability to get fund for it finances. Even though experts generally agree that finance is not the biggest problem facing entrepreneurs, many still belive that it still rank among the first five.
The general criterion for accessing these funds is the capacity to present a bankable and viable business plan. No bank is ready to lend you some amount when your business plan is poor. Entrepreneur must be able to describe the market for his or her products.
 These are list of funding arms who are ready to finance your business and make it a reality.

BoI Funds
This is where you can get cheap or single-digit funds.The BoI has a number of funds that you can access. This fund is mostly available for NYSC members who are trained for four weeks and then given between N500, 000 and 2 million. This fund is as well available for small and medium agro processors. Through 122 business development experts, you can access some funds easily.

Tony Elumelu Fund
Tony Elumelu Foundation has $100 million for 10, 000 African entrepreneurs. If you are into agriculture, fashion and design, light manufacturing, ICT, and solid minerals, among others, then apply for the ongoing Tony Elumelu fund.

GroFin Fund
GroFin, a development finacier, has committed over $500 million to funding Nigeria micro, small and medium business.
This firm has five different types of fund: the Aspire Nigeria Fund, the Growth Africa Fund, the small Growing Business Fund, the Aspire small Business Fund and the Aspire Growth Fund. GroFin provides its funds mostly for a maximum of six years.

Shell LiveWire
The Shell Petroleum Development company of Nigeria Limited has a number of funds for young entrepreneures, including women. The programme operates mainly in the Niger Delta region and aims to inspire, encourage and support young people to start up their own business through the provision of finance and training for young entrepreneurs, according to Shell.

Oxfam has a number of funds for Nigerian entrepreneures. Oxfam, an internation confederation of charitable organisations focused on the alleviation of global poverty, recently disbursed €100 million to high-impact SMEs in Nigeria through Nextzon.


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