The Social Exchange Market grants which is a 2018 World bank N3million – N10million Grant for Grassroot Businesses in Nigeria has generated much talks or late with several person even asking if the Social Exchange market grants is legit or a scam. BusisnessPlaninnigeria.com.ng has carried out a little research about this world bank 2018 Social Exchange market grants and here what we’ve discovered about the N3million – N10million Grant for Grassroot Businesses in Nigeria which will be Coordinated by 3 major NGOs
According to Mr. Adetula Emmanuel, the Principal Coordinator of Great Impact Microfinance Bank, who also serves as the SEM Coordinator for all Principal Directors in Ondo and Ekiti, stated that “money is here already. The challenge at hand now is just the documentation for the fund to be released for disbursement
Any model 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,” Akpan stressed
Our main aim of sharing this publication is not to debunk or support claim that Social Exchange market grants is real or scam. This is because already people are being scam in the name of getting Social Exchange Market grant
Also Read 15+ Highly Profitable Small Scale Business Ideas For Men In Nigeria
Social Exchange market grant for Nigeria
Grant called social exchange market is a world bank philanthropic initiated business grant which is aimed at promoting the Nigerian economy through the banking sector as it seeks to empower grassroots businesses through micro-finance banking system
What is required is to get the form is N1000 for those within the SouthEast, Benin and Delta state can call 09052016587 to get more info about the location of Social Exchange market grant offices and how to get the form
To pick up this form may be a challenge but I believe that it is possible. Call 09052016587
The Social Exchange market grant for Nigeria minimum payout is 3million and maximum of 10million. No collateral needed to access this world bank grant. However having fulfilled all documentation at the Development bank of Nigeria. There shall be disbursement. This will call for monitoring of every project
Remember you are not expect to pay back the grant or remit any thing. All you need is to come up with a very good business proposal.
You can check out any of our well researched feasibility study Business plan Such as Bread bakery Business , Poultry farming in Nigeria, Any legal project ranging from agriculture: oil plantation, cassava plantation, large scale vegetables farming, aquaculture, Animal husbandry, feed mill, food processing & packaging, Industrial fashion design, Furniture & carpentry, blocks & ring industry, concrete electricity production, private school, water production industry, Industrial bag production industry, gaari industry, pupuru/ cassava flour industry & so on
Who Can Apply For the Social Exchange Market Empowerment Grant
The World bank Social Exchange Market Empowerment grant is open to all Nigerians provided you do your business within Nigeria. Grant applicants must also have a feasible business proposal or project to put forward. However, more preference are been given to agro-allied businesses as it is the main focus of this empowerment programme. This does not hinder other non-agro-based businesses from applying for the grant provided your proposal is grate you will be given the grant.
Each of the 3 NGO’s Cordinating this project will empower 10 million Nigerians, and by cumulative effect, 50 million Nigerians will be employed.
The grants flow from World Charity Box, then to Social Exchange Market, to DBN, then to Model Microfinance Banks, and finally to applicants of the financial aid. Such an employment chain is said to generate wealth for individuals and as well add to national GDP.
How to Apply for 2018 World bank N3million – N10million Social Exchange market grant for Nigerian Grassroot Businesses
Pick up membership registration from Smile Again Microfinance Bank indicating details of your location and your group intention.
Mobilize minimum of 1000 business/investment within the reach of your group in that community, town or city.
Attend Seminar/Workshop organized by Smile Again Model Microfinance Bank
Grant is released by Social Exchange Market for each project enlisted in that community, town or city under the group.
Note: Each business/investment will be subjected to a standard follow up for proper implementation by Development Bank Of Nigeria, Social Exchange Market and Smile Again Model Microfinance Bank.
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