Are you a Cameroonian or a Nigerian woman? Are you prepared to push your small and medium-sized business (SME) to the next level? You are an ideal candidate for the Growth4Her Cohort 2!
Women entrepreneurs from Nigeria and Cameroon participated in the first cohort, which included intense skill-building and psychosocial assistance. They also provided numerous testimonials regarding how the program-me aided them.
As a Growth4Her participant, you will receive excellent instruction on how to prepare for investors, as well as psychosocial support, a mentor, and access to markets and funding opportunities. The training will assist you in transforming your small or medium-sized business (SME) into a viable enterprise. What is stopping you? Apply today to attain your full business potential.
Read also: Google invests in 15 women-led companies
What are the program’s benefits?
The Growth4Her program will provide beneficiaries with:
Access to Market: We give you connections to markets in several African cities.
Access to money: We set you up with financiers and prepare you for investors.
Psychosocial and policy support: We promote policy changes and collaborate with localities to create a supportive environment for WSMEs.
Media Exposure: We offer sufficient media coverage.
Mentorship: We make it easier for people to find qualified and seasoned mentors.
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Qualification Requirements
The organization should be at least 51% owned by women, or at least 20% owned by women, and have at least one woman as CEO or COO (President or Vice President) and at least 30% of its board of directors, if there is one.
Loan size between $5,000 and $1 million (loans must not be from standard financial institutions; however, loans from associations, cooperatives, e.g., “tontine/njangi,” “esusu,” and family loans may be accepted).
- The company needs 5–300 workers.
- Sales between $35,000 and $15 million.
- Annual assets between $100,000 and $15 million
- Can attend an intensive virtual or physical boot camp for a week.
- Can mentor for 8 weeks for 3 hours.
- Must be a C-suite executive.
How to apply
To participate in the Growth4Her Cohort 2, apply before the deadline on Monday, May 8, 2023.
About Growth4Her
Growth4Her is a project that was made by Creative Space Startups, Social Capital Impact Group, The Learning Gate, and WETECH with money from AFAWA and AFDB. Growth4Her is a programme that helps women entrepreneurs by giving them the skills and tools they need to grow their small businesses into high-potential, fundable growth-stage businesses.
The African Development Bank (AfDB) said in 2021 that there is a $42 billion funding difference between men and women in Africa. Growth4Her is working hard to close the gender financing gap in Africa by giving women-owned small and medium-sized businesses the right skills, knowledge, access to markets, access to finance, and a fair share of participation in government.
Over the next five (5) years, this programme wants to help 1500 women entrepreneurs in 10 African towns. Women-led small and medium enterprises (WSMEs) are of particular interest to the programme. The program helps people learn how to be ready for investments, connects them directly to donors, and builds an ecosystem that helps WSMEs.