Outliers Nigeria Unveils Program to Aid SMEs Access Fund

Outliers Nigeria Unveils Program to Aid SMEs Access Fund

By MUKHTAR Ya’u Madobi

In its bid to ensure a seamless and conducive  business environment for Nigerian small-scale enterprises, the Development Outliers Nigeria Limited has introduced a faster and easier way of securing funding for business organisations.

The founder and CEO of the company, Mr. Abubakar Gana, disclosed this information via a statement sent to  PRNigeria.

The program, termed ‘Loonable’ is innovated in order to assist  Small and Medium Enterprises, SMEs, in Nigeria to  get access to non-interest business financing in a smart way.

The CEO noted that most SMEs are not fully funded  because the managers lack the necessary knowledge and skills to operate a profitable business and utilize funding effectively to their advantage.

“This new innovation, we called it a smart way of receiving funds because what we do first is to identify and solve the problem, then follow by fast-tracking non-interest funding applications for those clients that complete the program”.

According to Gana, the three key areas where this program is poised to bring effect on businesses is sensitizing managers on how to assess funding readiness, how to manage finances so as to operate at an effective profit and how to effectively utilize funding to further grow and develop their businesses.

PRNigeria reports that the category of people who can join the program include those who are either planning to start their businesses, started making early profits or  looking for funding.

It was further learnt that the program will run virtually online in which a single module will be taught every week over a period of eight (8) weeks.

Meanwhile, the program is expected to commence January 29th, 2024 while application for entry into the program is still ongoing via https://www.loonable.outliersi.com/?utm_source=Blog&utm_medium=Media&utm_id=PRN

“The initial application and registration fee for the program is N48,500 and is currently discounted to N28,500 for a limited time.

“Additionally, the program is open to all businesses however only those that comply with Shariah will be able to get their non-interest funding applications fast-tracked.” Mr. Gana added.

By PRNigeria