Fellowing the earlier post on the Link To Apply For Kwara State Kwapreneur Free Interest Loan,Kwara State Government has given a new update regarding the kwapreneur Programme.
According to Kwara State Government, Applicants selected for the Kwapreneur next stage have been communicated. The selection process continues Monday to Thursday with screening/interview at KWASSIP’s office from 9am to 2pm
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If you applied for a Kwapreneurs loan kindly check all the folders in your mailbox to fill the form to proceed you to the next stage for disbursement.
The Kwara State Government is considering applications from 7, 202 persons in this phase. After a thorough screening of the entries by experts, successful applicants and the next stage of the programme will be announced within the next few days.
In the analysis of the applications, 44. 5% of applicants are existing businesses in need of funds to scale up production. The scheme also recorded 73. 7% male applicants to 26. 3 % female.
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Top five sector distribution include Business Management (4.9%); Agriculture (33.4%); Fashion(10.1%); commercial/retail (6.6%); and ICT (6.7%). Other categories all together took 23.6%.
The successful applicants will be trained and supported with interest free loans ranging from N350,000 to N3,000,000 each, depending on the scale of their proposed businesses. The selection process, including the training, will last for five weeks.