We are pleased to inform you that MTN is currently inviting female entrepreneurs to apply for its Yellopreneur Capacity Building Training empowerment program. An applicant stands a chance of getting up to N2 million equipment loan.
The aim of the MTN Yellopreneur is to reduce or minimize women’s unemployment rate and advance women’s development in entrepreneurship via capacity building to enhance their entrepreneurial abilities. Keep reading as we show you the MTN Yellopreneur N2m Equipment Loan Application Portal.
Who can Apply For MTN Yellopreneur Loan?
Any female entrepreneur who can display passion and commitment to self-employment and run an existing business of up to two years in manufacturing, processing, ICT, agriculture, digital services, Financial services, and so on.
Qualification
The minimum qualification for the MTN Yellopreneur loan is a Senior Secondary School Certificate, such as WAEC, NECO, NATEB or its equivalents.
Disbursement Bank
The disbursement bank or implementing partner on this initiative with the MTN Foundation is the Bank of Industry (BOI).
Capacity Building (Training)
There is going to be a virtual (online) training session that involves self-paced and instructor-led sessions. MTN will provide data throughout the training period.
Training Date
The virtual MTN Yellopreneur training is scheduled to hold for a Four (4) weeks period in August 2022. Loan equipment Value: Each female entrepreneur will receive up to a N2million equipment loan, subject to their business plan analysis.
Loan repayment period
The MTN Yellopreneur loan repayment period is 6 months moratorium and 36 months repayment period.
Note: This loan repayment is subject to the terms and conditions agreed by the female entrepreneur beneficiary with BOI.
How to Apply for MTN Yellopreneur
To submit your application, interested female entrepreneurs should follow this link https://www.mtn.ng/yellopreneur
FAQs
1. What is the MTN Yellopreneur N2m Equipment Loan?
The MTN Yellopreneur N2m Equipment Loan is a business support initiative powered by MTN Nigeria. It is designed to help small and medium-scale entrepreneurs access equipment financing of up to ₦2 million. Instead of giving cash directly, the loan is used to purchase business equipment such as generators, POS machines, refrigerators, or other tools needed to grow and expand operations.
2. Who is eligible to apply for the MTN Yellopreneur Equipment Loan?
Eligibility requirements may vary per application cycle, but generally, applicants must:
Be registered MTN agents or Yellopreneurs
Operate an active business in Nigeria
Have a verifiable business location
Meet minimum transaction or performance requirements
Provide valid identification and business documentation
Applicants are typically assessed based on their transaction history and business performance.
3. How can I apply through the MTN Yellopreneur N2m Equipment Loan Application Portal?
To apply:
Visit the official MTN Yellopreneur portal (usually announced via MTN’s official communication channels).
Log in with your registered details.
Complete the online application form.
Upload required documents (valid ID, business details, etc.).
Submit and wait for review and approval notification.
Successful applicants are contacted with further instructions on equipment selection and loan repayment terms.
4. Is the MTN Yellopreneur N2m Equipment Loan a grant or repayable loan?
The MTN Yellopreneur N2m Equipment support is a repayable loan, not a grant. Beneficiaries are required to repay the amount based on agreed terms, which may include structured installments. The repayment schedule and conditions are usually communicated upon approval.