The Seven Levels of the ECF Programme

The Entrepreneurship Cycle Fund is an interest free loan provided to artisans, SME’S, traders, farmers, business men and women who are indigenes , reside and do business in Ondo State. The fund provides these individuals vital funds needed to grow their businesses, make profit, return the loan at no interest and request for a next round of funding. This way indigenes that are eligible can have cheap finance to develop their business or trade.

Qualified applicants have an opportunity to grow to be able to access seven levels of funding. when these applicants are screened, qualified and funded, they grow in their credit score/rating which entails the ability to use the fund and return within a stipulated period of time. As they return the fund within the time frame allotted, the next level of funding is processed to help them further improve on their offer due to access to more funds.

  • Level 1-3 is processed by ONDEA and requires no rigorous application process.
  • Level 4-7, is processed THROUGH Development PARTNERS and requires paperwork, collateral, guaranty and security.
  • Entrepreneurs with the relevant paperwork and pedigree can apply from LEVEL 4.