MTN: 150 Women. ₦3 Million Each. Infinite Possibilities

Attention all ambitious women in business! Are you ready to take your venture to the next level? In a groundbreaking move, the MTN Nigeria Foundation is set to transform the entrepreneurial landscape by empowering 150 women in business. With unwavering commitment, MTN is providing a lifeline to these trailblazing women, fueling their dreams and propelling their ventures towards success. The MTN Y’ellopreneur Initiative is not just about financial support; it’s a beacon of hope, a catalyst for change. Each of the chosen 150 will receive a substantial ₦3 million—a powerful injection of capital that can turn aspirations into reality. These women represent resilience, innovation, and unwavering determination. They are the heartbeat of local economies, the architects of progress. With this initiative, MTN is not merely writing a check; it’s investing in a future where women-led businesses thrive, communities flourish, and barriers crumble. As the sun rises on this transformative endeavour, we celebrate the spirit of entrepreneurship, the audacity of dreams, and the unyielding power of women, as well as MTN’s commitment to gender equality and economic empowerment, which shines brightly—a testament to the belief that when women rise, nations prosper.

The Objectives of the MTN Y’ellopreneur Initiative

1. Empower women:

This initiative empowers women entrepreneurs by providing them with the skills and resources to succeed.

 2. Reduce women's unemployment:

The programme seeks to reduce unemployment among women by encouraging and supporting their participation in the workforce as business owners and contributing to a decrease in unemployment rates among this demographic.

3. Advance women's development in entrepreneurship:

The MTN Y’ellopreneur Initiative provides women with the tools and resources they need to thrive as entrepreneurs. This includes capacity-building through training and access to capital through grants and loans.

Who is the MTN Y’ellopreneur for?

The initiative specifically targets established female entrepreneurs who have been running a business for at least two years. If you're a woman leading the charge in sectors like:

• Circular economy
• Manufacturing
• Processing
• Agriculture
• ICT/digital services
• Waste management

Then the Y'ellopreneur Initiative might be the perfect springboard to propel your business to the next level. The program places a special emphasis on businesses that source their raw materials locally, fostering a self-sustaining entrepreneurial ecosystem.

Benefits of the MTN Y'ellopreneur Initiative to the Participants

The Y'ellopreneur Initiative goes beyond simply recognising female entrepreneurs. It empowers them through a holistic approach.

1. Capacity Building:

The programme offers workshops, training programmes, or mentorship opportunities to help you hone your entrepreneurial skills and navigate the complexities of running a business in Nigeria.

2. Access to Capital:

Financial limitations shouldn't hinder your ambition. The initiative might provide loans, grants, or other financial resources to 150 female entrepreneurs to the tune of N3 Million each to fuel their business growth.

3. Advisory Support:

Gain valuable guidance and advice from seasoned professionals who can offer insights and help you overcome challenges.

Phase One Success Stories

Let’s celebrate the success stories from Phase One of the MTN Y’ellopreneur Initiative. These remarkable female entrepreneurs have demonstrated resilience, creativity, and determination. Here are some inspiring stories:

 Empowering 4,711 Female Entrepreneurs:

In the pilot phase initiated in 2022, the Y’ellopreneur Initiative trained over 4,700 female entrepreneurs in business management and development. These women gained essential skills and knowledge to enhance their existing businesses and drive growth.

Equipment Loans and Grants:

During Phase One, loans totalling over ₦94 million were disbursed to 50 female entrepreneurs. These loans were specifically for acquiring equipment and supporting business expansion. Remarkably, upon full repayment of the loan, our Y’ellopreneurs will receive 25% of the loan value as grants—a fantastic incentive for responsible financial management.

Business Pitch Sessions:

The initiative held business pitch sessions for 200 businesses. Out of these, 101 viable businesses were recommended for equipment loans and grants. This process ensured that the support reached those with promising ventures and a commitment to success.

Impact on Local Communities:

These empowered female entrepreneurs are not only transforming their own lives but also contributing to local economies. By sourcing raw materials locally and creating sustainable businesses, they play a vital role in community development.

Future Prospects: Phase Two Activities

1. The execution of Phase Two involves the following activities:
2. Entrepreneurial skills training for 1,000 female entrepreneurs.
3. Development and presentation of bankable business plans.
4. Equipment loan support of up to ₦3 Million each to 150 female entrepreneurs.
5. Provision of business advisory support services.
6. Ensuring seamless loan repayment processes for project sustainability.

The journey continues, and the impact will ripple through families, communities, and beyond. These Y’ellopreneurs exemplify resilience and determination, proving that with the right support, women entrepreneurs can thrive and create lasting change

How Much Will Successful Participants Get From MTN?

Successful participants in the MTN Y’ellopreneur Initiative will receive the following support:

• 150 selected female entrepreneurs will receive equipment loan support of up to ₦3 million each.
• The loan terms include a 2.5% flat interest rate, a 6-month moratorium, and a 36-month repayment period.
• Successful entrepreneurs will also receive 25% of the loan amount as grants upon full repayment.

These financial resources aim to empower women entrepreneurs, foster business growth, and contribute to long-term sustainability.

How to Apply

The MTN Y'ellopreneur Initiative is a testament to MTN's commitment to empowering women in business. If you're a female entrepreneur in Nigeria, this is your opportunity to lift your business to a new level with the MTN empowerment opportunity.  start your application NOW! at the MTN Foundation official website for the MTN Y’ellopreneur Initiative. Remember that the application deadline is March 30th. This initiative aims to empower Nigerian female entrepreneurs by providing capacity building, access to capital, and support for long-term business sustainability.  Application is FREE! and the selection process is transparent. Good luck with your application! 🌟

Conclusion: Pioneering a New Era

Are you a woman in business in Nigeria looking to take your venture to the next level? MTN's initiative offers a chance to secure 3 million Naira to help you achieve your goals. As the curtain falls on this remarkable initiative, we stand at the intersection of empowerment and possibility. The MTN Y’ellopreneur Initiative has ignited a spark—a spark that will illuminate the path for 150 women entrepreneurs, casting aside limitations and propelling them towards greatness. These women are not mere recipients of financial support; they are architects of change. With ₦3 million each, they hold the keys to unlock doors previously deemed inaccessible. Their dreams, once whispered, now resonate loudly—a symphony of ambition, resilience, and unwavering determination. In the quiet moments, when challenges loom large, these Y’ellopreneurs will remember this pivotal juncture. They will draw strength from the belief that they are not alone—that MTN stands beside them, unwavering in its commitment to their success. As they invest in their businesses, their communities, and their futures, we witness the birth of a legacy. These 150 women are not just entrepreneurs; they are beacons of hope, catalysts for progress, and guardians of possibility. So, let us raise our virtual glasses to these trailblazers. May their ventures flourish, their impact reverberate, and their stories inspire generations to come. The promise of a brighter, more inclusive tomorrow lies in their journey. Apply now and empower your business for growth!

150 Women. ₦3 Million Each. Infinite Possibilities. A World Transformed.

Good luck!

And don’t forget to share and leave us your feedback

Also, check

• How to Apply to Access Bank Advance Africa Scholarship Program
• Digital Economy: MTN ICT Equipment Grant Worth N90 Million
• NDDC HOPE Project for Youth Empowerment in the Niger Delta

FAQs

Who can apply for the MTN Y'ellopreneur Initiative?

The initiative targets Female Entrepreneurs across the country who display passion and commitment to self-employment and run an existing business of two years or more in the areas of circular economy, manufacturing, processing, agriculture, ICT/digital services, waste management, etc. The focus is on businesses that source their raw materials locally.

When is the application for the MTN Y'ellopreneur Initiative closing?

Unfortunately, the application window for the 2024 MTN Y'ellopreneur Initiative closed on Saturday, March 30th, 2024. However, this shouldn't deter you! The programme is likely to continue in the coming years.

How can I stay informed about the MTN Y'ellopreneur Initiative?

Here are some resources you can bookmark to stay updated on the MTN Y'ellopreneur Initiative and similar opportunities: MTN Foundation Website: While information on the 2024 programme might be limited now, keep an eye on the MTN Foundation website for future announcements. This blog is a treasure trove of resources for entrepreneurs, so keep it on your radar. Follow and subscribe to its membership, not forgetting to share it. The Solutions Hub's social media platforms are: Follow The Solutions Hub on social media for updates on business insight and various opportunities: @nsinfohub on all platforms;  X and  Facebook

What are the eligibility criteria for the MTN Y'ellopreneur Initiative?

The initiative targets female entrepreneurs across Nigeria who: Display passion and commitment to self-employment. Run an existing business for two years or more. Operate in areas such as circular economy, manufacturing, processing, agriculture, ICT/digital services, and waste management. Source their raw materials locally.

What does the MTN Foundation aim to achieve with the MTN Y'ellopreneur Initiative?

This initiative reflects MTN’s commitment to advancing women’s entrepreneurship and creating opportunities for sustainable business growth.

What are the key objectives of the MTN Y’ellopreneur initiative?

The MTN Y’ellopreneur Initiative seeks to contribute to the reduction in women's unemployment and advance women's development in entrepreneurship. The key objectives of this initiative are: Access to Capital: Facilitate access to capital for women entrepreneurs. Offer loans and grants to support business growth and sustainability.

Who is the target audience for the MTN Y’ellopreneur initiative?

Focus on female entrepreneurs across Nigeria who: Display passion and commitment to self-employment. Run an existing business for two years or more. Operate in areas such as circular economy, manufacturing, processing, agriculture, ICT/digital services, and waste management. Source their raw materials locally. Long-Term Business Sustainability: Ensure that the support provided leads to long-term business sustainability. Encourage responsible financial management and growth. The initiative aims to create a positive impact by empowering women entrepreneurs, fostering economic growth, and promoting gender equality in entrepreneurship.

How much will successful participants get from MTN?

Successful participants in the MTN Y’ellopreneur Initiative will receive the following support: 150 selected female entrepreneurs will receive equipment loan support of up to ₦3 million each. The loan terms include a 2.5% flat interest rate, a 6-month moratorium, and a 36-month repayment period. Successful entrepreneurs will also receive 25% of the loan amount as grants upon full repayment. These financial resources aim to empower women entrepreneurs, foster business growth, and contribute to long-term sustainability.