OpenLoan/BlendedNigeria only

LSETF MSME Loan Programme

Lagos State Employment Trust Fund (LSETF)

Amount or benefit
Micro Enterprise Loan N50,000 - N500,000 per person; Start Up Loan N50,000 - N250,000; SME Loan N500,000 - N5,000,000 per business; 9% interest per annum
Deadline
Rolling
Where
Lagos State, Nigeria only
Apply on the official site

Who can apply

Business owners operating and resident in Lagos State with LASRRA ID, LIRS tax ID, BVN and other documents; most tracks require the business to have existed for at least one year (start-up track needs a recognised vocational certificate).

Applicant type
IndividualBusiness
Business stage
Early-stageGrowthEstablished
Location rule
Lagos State, Nigeria only
Nigeria only
Sectors
Business & entrepreneurshipAny field

What you get

Micro Enterprise Loan N50,000 - N500,000 per person; Start Up Loan N50,000 - N250,000; SME Loan N500,000 - N5,000,000 per business; 9% interest per annum

Notes
Concessional loan (not a grant); 5% equity contribution of loan size required.

Deadline and status

Deadline
Rolling
Deadline details
Apply links shown for each loan track; no closing date stated
Status
Open

How to apply

  1. Read the full criteriaOpen the funder's programme page (lsetf.ng) and read the eligibility rules and questions in full.
  2. Check your fitCompare the rules above with your business. See how it fits your profile.
  3. Prepare your applicationSave it for a step-by-step workflow and document checklist, then draft your answers in the Application Studio.
  4. Apply on the funder's own siteApplications are accepted on a rolling basis. Apply at lsetf.ng. Never pay anyone to be considered.

Source and verification

Last verified
18 October 2026, on the funder's own page
Official page
lsetf.ng
From the official page
“The loan scheme, which attracts only 9% interest rate per annum, is available to business owners who are registered residents of Lagos State.”

Details change. Confirm everything on the official site before applying.

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