Application Deadline: April 14th, 2018:
Oxfam believes SMEs have the potential to contribute to sustainable growth through increased employment, higher income and relevant products and services for people living in poverty, particularly small holder farmers, youth and women.
To help SMEs live up to their potential, we know they need more than capital alone. Hence, Oxfam provides tailor made business development services to support SMEs in Nigeria, Somalia, Uganda and Vietnam. We select businesses based on an assessment of their plans and financial potential and on the social impact that they expect to deliver for their community. To ensure businesses deliver on the latter, social impact is monitored consistently from the start and measured over a period of time.
We expect entrepreneurs to contribute to the costs of the business development support to some extent.
Oxfam-EDC are looking for companies that have a clear social and/or environmental impact strategy. This includes for example creating jobs for youth, using sustainable resource management solutions, developing renewable energy solutions, sustainable sourcing from local suppliers (e.g. farmers), or selling relevant products/services to low-income Nigerian households.
Any sector is welcome to join, especially agribusiness (the entire value chain), light manufacturing, producers of women’s consumer products, renewable energy and recycling.
The following criteria apply to be eligible to participate:
Age bracket of the entrepreneur/manager: 25 to 45 years
Annual turnover: N40million and above
Number of employees: between 10 and 250
The company should exist at least 2 years
The key selection criteria are your social or environmental impact vision and the potential of your business to create jobs
The participation fee is N75,000 – only applicable when you are selected to participate