The Bank of Industry (BOI), in partnership with MTN Yellopreneur Initiative, has launched the N1 Billion Y’ellopreneur 3.0 Matching Fund a financing initiative designed to support women-led enterprises in Nigeria with capital, capacity building, and business support.
The MTN Foundation Y’ellopreneur Phase 3.0 Matching Fund supports women entrepreneurs in Nigeria. It offers training, funding, and advisory services to help businesses grow. The MTN Yellopreneur Initiative focuses on women who already run active businesses and want to expand sustainably.
This post explains the MTN Foundation Y’ellopreneur, eligibility, benefits, required documents, application process, and tips for success.
About the MTN Foundation Y’ellopreneur Initiative
The MTN Yellopreneur Initiative aims to reduce women unemployment and promote women in business. It provides:
- Training on business management
- Equipment loans and grants
- Advisory and mentorship support
The program targets female entrepreneurs running businesses for at least two years in sectors like:
- Circular economy
- Manufacturing
- Processing
- Agriculture
- ICT and digital services
- Waste management
Under the 3.0 matching fund window, selected women-owned businesses receive financial support from BOI that is matched with contributions from MTN Foundation, effectively amplifying the total investment available to grow and scale women-led enterprises.
This initiative is part of ongoing efforts to advance financial inclusion, economic empowerment, and gender-responsive access to capital in Nigeria’s MSME ecosystem.
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Eligibility Criteria
To apply for the MTN Foundation Y’ellopreneur Fund, you must:
- Be a female entrepreneur
- Run a business for at least two years
- Operate in eligible sectors
- Source raw materials locally
- Show commitment to business growth
- Complete required MTN Yellopreneur training
Benefits of the MTN Foundation Yellopreneur Initiative
Participants of the MTN Foundation Y’ellopreneur receive:
- Business management and growth training
- Equipment financing
- Matching funds and grants
- Mentorship and advisory support
- Increased production capacity
- Stronger market positioning
Documents Required
Prepare these documents before applying for the MTN Foundation Y’ellopreneur:
- Business registration certificate
- Valid ID
- Business plan or growth plan
- Financial records or sales history
- Evidence of active operations
- Bank account details
- Funding or equipment request proposal
Program Structure
The MTN Yellopreneur Initiative follows six stages:
- Application screening
- Business training
- Business evaluation
- Funding and equipment support
- Monitoring and advisory
- Loan repayment and grant reward
Selection Process
The MTN Foundation Y’ellopreneur Fund selects entrepreneurs through:
- Application review and eligibility check
- Business viability assessment
- Training performance review
- Growth potential evaluation
- Final approval
How to Apply
Follow these steps to apply for the MTN Foundation Y’ellopreneur:
- Go to MTN Yellopreneur application portal
- Create your profile
- Fill in your business information
- Upload required documents
- Submit your funding request
- Complete training if shortlisted
- Wait for selection results
