Loan

LSETF Micro Enterprise Loan

Lagos State Employment Trust Fund

Open. No closing date published. No fee to apply Last checked 12 Oct

At a glance

Deadline: Open. No closing date published.
Fee: No fee to apply
Who may apply: operating and resident in Lagos State, and registered on LASSRA
running a business that has been trading for at least a year
the business must have been in existence for at least one year
Where: Lagos State, Nigeria

A loan you pay back: N50,000 to N500,000 at 9 per cent a year for a business already trading in Lagos. No collateral is listed and no CAC registration is asked for at this level, which is what makes it reachable for a market trader.

The facts

What you get: N50,000 to N500,000 per person at 9 per cent a year, repaid over 12 months with no moratorium. Equity contribution 5 per cent of the loan size.
Where: Lagos State, Nigeria
How long: 12 months
Share of the prize or equity they take: None taken in the business. The 5 per cent figure is a cash equity contribution, not a share.

Where you stand

This one is free. There is no fee to apply, and nobody should ask you for money at any point.

What they ask for

operating and resident in Lagos State, and registered on LASSRA
running a business that has been trading for at least a year
the business must have been in existence for at least one year
a LASSRA ID, a Lagos Internal Revenue Service tax ID, a government ID, a BVN and six months of bank statements

Get ready to apply

Built only from what this listing states. Tick as you go; the ticks stay on your phone and are not sent anywhere.

The application takes real work, by our reading.

1. What to get ready

Identity documentA clear photo of both sides, if it has two.

It also names something beyond these; read their words below.

In their words: “LASSRA ID, Tax ID (LIRS), valid government issued identity card, Bank Verification Number, 2 passport photographs, 6 months bank statement, and a business in existence for at least one year.”

2. Dates

No closing date is stated.
Openings with no closing date can close once they have enough people, so sooner is safer. Our advice

Download checklist (.txt) Send to WhatsApp

The download is a small text file. You can read it later without data. It also lists each condition they set, so you can tick yourself against them. WhatsApp sends the same list to you, or to somebody helping you.

No CV yet? Make a plain one from your answers. Nothing you type is kept.

Tips for applying for a loan

General advice from us, the same for every loan. It is not what this organisation says; that is above.

Find the repayment terms first: the interest, the fees, how long you have, and what happens if you pay late.
Work out the monthly amount and check you could pay it from what you earn.
Check who is lending. A real lender never asks you to pay before you receive the money.

If there is an interview or a test

Be ready to show your numbers: what you earn, what you spend, what the money is for.

All our tips and messages to copy. Practise answering, with nothing kept. Received an offer? Check whether it is real, then read before you say yes.

How to apply

Several listings link to this page. Look for "LSETF Micro Enterprise Loan" from Lagos State Employment Trust Fund.

You apply on Lagos State Employment Trust Fund's own website, not here. We never send an application for anybody and we never ask you for anything to pass on. Check their page for anything not shown here.

Go to the application

How we checked this

This was opened and verified at Lagos State Employment Trust Fund's own website on 12 October 2026: it was real, still open, and open to people from African countries. If anything here is wrong, tell us.