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  The FATE Foundation, in collaboration with the Cherie Blair Foundation for Women, has launched the Road to Growth Programme 2024 for female entrepreneurs in the state as part of initiatives aimed at boosting the capacity of businesswomen in Ogun State.
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Funded by the Cherie Blair Foundation for Women, the program aims to equip female entrepreneurs in low and middle-income countries with business skills, networks, financial literacy, and confidence to achieve business success.
The core objective of the initiative is:
  • To support 40 women-owned businesses in Ogun State to help them break through barriers capable of hindering their growth.
  • To ensure that participants are fully equipped with skills in the program, the curriculum for the training is designed to offer an all-inclusive set of courses that is aimed at addressing the tools needed in the growth and effective management of a business.
  • By the end of the program, participants are expected to gain knowledge, skills, confidence, and attitudes to build their businesses and apply for important financial services.

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The curriculum includes key objectives

  • What are business operational objectives?
  • Key components of a business growth plan.
  • Market segmentation and market analysis.
  • Key considerations in forecasting sales.
  • Factors that affect the cash flow of a business.
  • What are financial statements and their importance?
  • The different types of financial services that may be relevant, when to consider borrowing, and what the application process consists of.
  • How financial institutions analyze a business’s financial statements.

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To be eligible for the program

  • The applicant must be a woman entrepreneur who owns at least 50% of the business.
  • The applicant must own a business that has generated profit for the last two years.
  • The business must have 3–49 employees.
  • The applicant must be able to read and write in English.
  • You must have basic computer skills.
  • The applicant must have no previous access to loans and must demonstrate a need for additional investment.
The deadline for applications is September 9, 2024. Click HERE to apply.
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This article was first published on 31st August 2024

ugo-chinedu

I am a Lion, I love to hit heights that seem impossible so I can motivate others and prove doubters wrong. For me, impossible is nothing. I'm open to learning and I love to read, travel and meet new faces.


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