World Bank Grant Application Form 2022/2023 (N10million Above)
World Bank has opened application for a soft grant to enable small and medium scale enterprise boost their business. The grant is to enable small scale business survive in this trying times and have good and favorable financial base.
The World Bank grant is up to 10million. If you have a small scale business and you want to capital for growth and expansion I think this is the best time and opportunity to grab this wonderful offer. All you need to do is apply for the grant and wait for approval.
If you have small and medium micro-businesses its now big chance for you. The World Bank assisted grant is form of empowerment, the World Bank Grant might be for you, this gran is controlled by the World Bank under the direct supervision of the Development Bank of Nigeria (DBN).
It is called the Bottom-Up project, where N10Billion fund is trashed by the World Bank for empowering grass root businesses and entrepreneurship, this is done to lift many persons out of poverty and strengthen the economy (GDP).
With the effect of Covid 19 pandemic and high rate of inflation in Nigeria I think this is a very positive way of reviving and encouraging small and medium scale enterprises. This becomes necessary as the nation seeks ways to empower large-small businesses or what is known as the poor in the business circle.
Dr. Mike Alatisa, says that the World Bank is ready to grant ₦ 10 billion per bank to empower microfinance banks, which will, in turn, give grants directly to business owners.
Dr. Alatisa said also, “Any modern microfinance bank that wants to get involved in the grant disbursement must have a minimum of 1000 members with their genuine business proposals without which such bank would be denied registration and entitlement for the World Bank grant application form”.
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This was made public during the training of microfinance management for bank chairman, directors, and other stakeholders organized by Kingdom Wealth Multipurpose Cooperative Society for the South-West region in Lagos.
Basic Criteria for Application
You must have a business in Nigeria and must be a Nigerian
Must have a feasible business
Agro-based business is a sure way to grab this grant
Your Business must have CAC documents and other relevant documents for certification and approval.
Steps to obtain the World Bank Grant Form 2022/2023
Approach Bethany Human Development Center for membership registration indicating details of your location and your group intention;
Mobilize a minimum of 1000 investments/businesses within the reach of your business location;
Attend a seminar organized by Bethany Human Development Center and obtain a certificate for attendance;
Grants are given by the Social Exchange Market for each project enlisted in your business location.
Possess economic revolution of a community, town, or city in Nigeria;
Have an investment or business that you would establish in such community, town, or city;
\Search for like-minded participants willing to partner with you in developing such business.
Membership registration at BHDC is ₦1000;
Each business will pass through a standard follow-up for proper implementation by the Development Bank of Nigeria, BHDC and the Social Exchange Market. The purpose of this follow-up is to make sure the funds are fully and effectively utilized.
Link to Apply
Visit the official websitehttps://projects.worldbank.org to get more information on World Bank-assisted projects and apply