Application for BOI RAPID Renewed Hope FG Loan 2024 is online and applicants are to submit their application through Bank of Industry Rapid Renewed Hope Loan application Portal at rapid.boi.ng

The objective of the programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness. The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.

Aims and Objectives of Rural Area Programme On Investment for Development (RAPID)

Empowerment

Provide resources, skills, and opportunities to buisnesses local in rural areas , particularly MSMEs, with focus on Youth and Women entrepreneurs.

Job Creation

Stimulate job creation, particularly for youth and women, through the growth and expansion of rural enterprises.

Economic Diversification

Promote the development of diverse economic activities beyond traditional agriculture in rural areas.

Financing Program for Micro and Small Businesses, as well as Community Groups

Get funding and support for projects to grow micro and small businesses, and develop community infrastructure.

Target Market

Micro and Small Businesses
Community Groups in Rural Areas

Features

Tenor: maximum of 3 years
Interest Rate: 5% per annum

Eligibility Criteria

Completed Application Form
Business Plan
Acceptable Means of Identification
BVN and NIN
Proof of Residential Address
Completed Guarantor Forms
Other Terms and Conditions Apply

How to Apply FOR Federal Government Rapid Renewed Hope Loan 2024

To submit your application, visit Bank of Industry Rapid Renewed Hope Loan website/portal below:

https://rapid.boi.ng/

Bank of Industry Rapid Renewed Hope Loan Registration Portal

Apply Now – Application closes May 29, 2024.

Email: [email protected] | Call: 0700-CALL-BOI | 0700 225 5264
switchboard: (+234)-02-012715070-71