SMEs get lifeline to expand operations
Samaritan Angels Limited an entrepreneurial focused agency has launched a GH¢ 10 million initiative to support small business owners and workers in the formal and informal sector.
The project dubbed “I AM INVESTIBLE” kicks off with an initial amount of GH¢3million.
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Applicants, according to the company, are entitled to a maximum amount of GH¢50,000 once they successfully complete the process to access the funds.
Beneficiaries will include traders, artisans, and entrepreneurs whose businesses are expected to be impacted through the initiative meant to transform their operations.
Launch
At the launch of the initiative in Accra on Monday, interested entrepreneurs were entreated to apply for the funds by paying a processing fee of GH¢150 and 250-word pitch or video of their particular business that needs funding.
A panel of judges whose expertise are in various fields of entrepreneurship and business will ascertain the credibility and entrepreneurial skills of each participant after which successful applicants will be granted the funds.
The managing consultant of the project, Angelina Diyouh Minski noted that the project provided the needed small grants and technical support, training and mentorship and business advisory services to applicants who patronised it.
“Samaritan Angels Ltd which is pioneering this project is a social enterprise, focused on accelerating the growth of small and growing businesses to contribute to sustainable development in Ghana,” she added.
A member of the board of Samaritan Angels, Nana Yaw Amponsah who is also the CEO of Kumasi Asante Kotoko entreated Ghanaians to apply for the funding through the initiative to better their lot and sustain their business.
The Deputy Minister of Employment and Labour Relations, Bright Wereko Brobbey, entreated Ghanaians to embrace the spirit of entrepreneurship.
He was certain that with the holistic support provided under the project, SMEs would contribute more to the development of the country.
He added that the government would continue to explore innovative ways to support private sector projects.