Category: Press Release

News & PublicationsPress Release

Empower Your Business Growth: Apply for Growth4Her Cohort 3 – Transforming Women-led SMEs in Nigeria and Cameroon!

Are you a woman-led SME in Nigeria or Cameroon ready to take your business to the next level? Growth4Her is back with its third cohort, offering an unrivalled opportunity to supercharge your business growth trajectory! Following the tremendous success of its previous cohorts, Growth4Her is inviting passionate and ambitious women entrepreneurs to join its third cohort. This program offers a unique blend of intensive capacity-building, psychosocial support, mentorship, and access to financing opportunities and markets. Seize this opportunity to transform your SME into a growth-powered business with Growth4Her’s proven support system. 

About Growth4Her 

Growth4Her is an investor readiness accelerator program co-created and implemented by Creative Space Startups, Sociocapital Impact Group, The Learning Gate, and ActivSpaces 

Growth4Her supports and empowers women entrepreneurs, providing them with the capacity and tools to transition from small to high-potential, fundable growth-stage businesses. The program equips beneficiaries with investment readiness skills, connects them directly to funders, and cultivates an ecosystem that supports their businesses. 

In 2021, the African Development Bank (AfDB) reported a $42 billion gender financing gap in Africa, a significant concern addressed by Growth4Her as an AFAWA Women Entrepreneurship Enabler. Funded by AfDB’s AFAWA initiative, over the next five (5) years, the program aims to empower 1,500 women entrepreneurs across 10 African cities, with a specific focus on Women-led Small and Medium Enterprises (WSMEs). 

What We Offer 

  • Capacity Building & Mentorship: Refine your skills with investor readiness training, market access strategies, and financial management techniques. Access to dedicated mentors and a network of empowered women entrepreneurs. 
  • Psychosocial and Policy Support: We advocate for policy reforms and work with communities to enable a culture of support for women entrepreneurs to perform better in their businesses. 
  • Access to Funding: Get investor-ready and connect with potential funders to secure the capital your business needs to thrive. 
  • Access to Market: Unlock new markets across Africa and beyond with our expert guidance and network. 
  • Media Exposure: Receive well-deserved media attention to amplify your brand and attract new customers. 

Eligibility Criteria 

  • For a company to be eligible as a women-owned business, it should meet at least one of the following criteria: 
    • The business must be 51% owned by a woman.  
    • The business must be at least 20% owned by a woman and have a woman serving as a C-Level Executive (CEO, COO, CTO, CFO, etc).  
    • The business must have a board of directors, and at least 30% of the board should be women. 
  • The business should have between 5 and 300 employees and operate in Cameroon or Nigeria. 
  • The business should have annual sales between US$35,000 and US$15 million. 
  • The business should have assets worth between US$100,000 and US$15 million. 
  • The applicant can dedicate one week to an intense virtual/ physical boot camp. 
  • The applicant can dedicate 3 hours for mentorship engagement for a period of 8 weeks (about two months). 

 


Don’t miss this chance to join a movement of empowered women entrepreneurs! Apply today and unlock the full potential of your business! 

Application Deadline: 4 March 2024  

Apply Now: www.growth4her.org/apply  

 

For more information, visit www.growth4her.org/ or send us an email at [email protected]  

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Press ReleaseNews & Publications

Growth4Her Cohort 2 Call for Applications for Women SMEs in Nigeria and Cameroon

Are you a woman in Cameroon or Nigeria? Do you want to push your Small and Medium-sized Enterprises (SMEs) to the next level? This cohort is for YOU!

Growth4Her is accepting applications for its second cohort. In the first cohort, women entrepreneurs from Nigeria and Cameroon went through an intensive capacity-building and psychosocial support system with lots of testimonials of how the program has benefitted them.

As a Growth4Her participant, you’ll receive top-notch investor readiness training, psychosocial support, mentorship, and access to financing opportunities and markets. The program will help you transform your SMEs into growth-powered businesses. What are you waiting for? Apply today and unleash your full entrepreneurial potential.

About Growth4Her

Growth4Her is an AFAWA-AFDB-funded project created by Creative Space Startups in partnership with Sociocapital Impact Group, The Learning Gate and WETECH. Growth4Her is a women’s support program which provides women entrepreneurs with the capacity and tools which enables them to transition from small to high potential fundable growth stage businesses.

In 2021, African Development Bank (AfDB) reported that there is a $42b gender financing gap in Africa. Growth4Her is actively eliminating the Gender Financing Gap in Africa through the provision of adequate skills, knowledge, access to markets, access to finance, advocating for better policies and an adequate representation for women-owned Small and Medium Size Enterprises.

Over the next five (5) years, this program aims to empower 1500 women entrepreneurs across 10 African cities with a particular interest in Women-led Small and Medium Enterprises (WSMEs). The program offers beneficiaries investment readiness skills, links them directly to funders, and fosters an ecosystem that supports WSMEs.

What will the program provide?

The Growth4Her program will provide beneficiaries with:

  • Access to Market—we provide you with market linkages across African cities.
  • Access to funding – we prepare you for investors and connect you with financial institutions.
  • Psychosocial and Policy Support—we advocate for policy reforms and work with communities to enable a culture of support for WSMEs.
  • Media Exposure—we provide adequate media representation.
  • Mentorship—we facilitate access to skilled and experienced mentors.

Eligibility Criteria

  1. The organization should be at least 51% owned by a woman or, at minimum 20% owned by a woman and have at least a woman as CEO/COO (President/Vice President); and have at minimum 30% of its board of directors composed of women, provided there is a board.
  2. Loan size between US$5,000 and US$1 million (Loans must not be from traditional financial institutions, however, loans from other sources such as associations, cooperatives e.g. “tontine/njangi”  “esusu”, family loans may be considered).
  3. The organization should have between 5 and 300 employees.
  4. Sales between US$35,000 and US$15 million.
  5. Assets between US$100,000 and US$15 million annually.
  6. Can dedicate 1 week to an intense virtual/ physical Bootcamp.
  7. Can dedicate 3 hours for mentorship engagement for a period of 8 weeks.
  8. Must be a C-Level executive in the organization.

TO APPLY, CLICK HERE  

 

For more information, send us a mail at [email protected]

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