Samaritan Angels Limited has launched a 10-million-ghana initiative.
The project, titled “I AM INVESTIBLE,” was initially funded with GH¢3million.
According to the company, they are entitled to a maximum amount of GH¢50,000 once they successfully complete the process to access the funds.
This initiative is expected to transform the operations of traders, artisans, and entrepreneurs.
At the launch of the initiative in Accra on Monday, interested entrepreneurs were given the opportunity 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.
In addition to evaluating the credibility and entrepreneurial skills of each applicant, a panel of judges with expertise in various fields of entrepreneurship and business will also award funds to the successful candidates.
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 patronized 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.
In an appeal to Ghanaians to apply for funding through the initiative, Nana Yaw Amponsah, who is also the CEO of Kumasi Asante Kotoko, encouraged them to apply.
It is the duty of Ghanaians to embrace the spirit of entrepreneurship, according to the Deputy Minister of Employment and Labour Relations, Bright Wereko Brobbey.
This project will provide holistic support to SMEs, helping them to contribute more to the country’s development.
He said the government would explore new methods of supporting private projects in the future.