The Enugu Trader Facility (ETF) is an innovative financing program in partnership with a FinTech called Carbon (previously PayLater) where we provide financing to SME Cluster in the State (markets). Traders can apply for a minimum amount of N50,000 and a maximum amount of N2 Million. It has a three (3) months tenor with an interest rate of 5% a month. Beneficiaries that payback on time are rewarded with longer tenors and a reduced interest These facilities have no collateral, but are secured with Direct Deposit Instruction with Remita, Lien of BVN and other non-asset collateral structures. We commenced this program Tuesday 10th March 2020 at Ogbete Main Market. It is our intention to activate a new market every month. We are targeting 60,000 traders within the tax bracket by the end of 2020. Download Carbon SME business loan requirements form below.
