Interested applicants are invited to apply for Brave Women Grants 2023 For Lead Firms (Available Grant: $40,000 – $50,000). Business Resilience Assistance for Value-adding Enterprises for Women in Nigeria (BRAVE Women Nigeria) is part of the Women Entrepreneurs Finance Initiative (We-Fi) funded through the Islamic Development Bank-funded. Nigeria’s Bank of Industry is executing it. It combines training elements for 600 firms and grant-matching for 500 women-led SMEs, 20-30 lead firms, and ten business associations to support growth and resilience.
The Project seeks to enable an empowering business environment for women entrepreneurs in Nigeria and strengthen their resilience. This phase of the Project is being implemented in Lagos and Abuja. The BRAVE Women Program is a 5-year multi-donor fund implemented in Yemen, Nigeria, and Burkina Faso.
On 1st April 2020, the Islamic Development Bank Group (IsDBG) signed the Framework Agreement with the Federal Republic of Nigeria (represented by the Federal Ministry of Finance) regarding the support in the implementation of the Business Resilience Assistance for Value-Added Enterprises (BRAVE) Women Nigeria Program.
Bank of Industry (Bol) was assigned as the Local Execution Agency.
You may want to also check Bank of Industry (BOI) Entrepreneurship Programme 2023 for Nigerians
Available Grant: $40,000 – $50,000
- Lead firms are large companies with commercial relationships with at least 20 Micro, Small and Medium Scale Enterprises MSMEs.
- They buy finished products or semi-processed products from the MSMEs and are active in the business sectors of agri-business, education, health, textile/garments and energy.
- They can be located in any part of Nigeria, but must have dealings with MSMEs in at least one of the project states of Lagos and Abuja.
- The lead firm must also have commercial business with at least two major actors in its business sector value chain.
- Must be located in any of the project states (Lagos and Abuja)
- Women-owned SMEs are those SMEs in which women own 51% or more shareholding in the enterprise.
- For Women-led SMEs, women must own at least 20% of the shares.
- The enterprise must also have at least one woman in top management positions (COO/CEO/President/Vice President) or 30% women membership in the Board of Directors (where the board eyists).
- The SMEs must be active in the business sectors of agri-business, education, health, textile/garments and energy
- Must have between 2 and 100 staff.
- Must not be involved in providing financial services and charging interest (like conventional banks, and insurance companies) or involved in any other business not approved under the Shari‘ah (including the manufacturing, selling or offering of liquors, pork, haram meat, or involvement in gambling, night club activities or pornography.
- Registered enterprises (business name, partnership or limited liability company) are preferred, but if you are in the process of registering with CAC and have evidence of business operations for the past 12 months, you can still register and submit your application.
How to Apply
Interested applicant should apply via https://app.bravewomenng.com
You may want to check INEC AD-HOC Staff Screening and Training To Commence