1. Q: What is LiteFoundation, and what is its mission?
A: LiteFoundation is a non-profit organization dedicated to empowering African entrepreneurs and businesses. Our mission is to provide funding, mentorship, and support to help them grow and thrive.
2. Q: Why is the application fee needed, and are there any additional costs?
A: The application fee is a standard requirement to handle all administrative cost like stationary, printing and file transfer of applicants. Asides the necessary application fee, we do not charge any additional cost after application. All other services are free of charge, and we are committed to transparency and fairness in our operations.
3. Q: What types of businesses are eligible for funding?
A: We support a wide range of businesses, including startups, small and medium-sized enterprises (SMEs), and micro, small, and medium-sized enterprises (MSMEs) across various sectors.
4. Q: How do I apply for funding?
A: You can apply for funding through our online application portal on our website. Simply choose your business category and fill out the application form, attach the required documents needed, and submit your application.
5. Q: Can I use a bank transfer instead of card payment for my application fee?
A: Yes, we understand that some applicants may prefer alternative payment methods. If you would like to use a bank transfer instead of card payment, simply click on the 'Pay with Transfer' option on the payment page.
6. Q: What are the eligibility criteria for funding?
A: Our eligibility criteria include being an African entrepreneur or business owner, having a viable business plan, and demonstrating potential for revenue growth and economic impact.
7. Q: How long does the application process take?
A: Our application process typically takes within 2 weeks, depending on the complexity of the application and the speed at which the required documents are submitted.
8. Q: What kind of support does the LiteFoundation offer beyond funding?
A: In addition to funding, we offer mentorship, business training, and networking opportunities to help entrepreneurs grow.
9. Q: How can I stay updated on the status of my application?
A: You will be updated on the status of your application via the email provided on the form. Also our support team is available to answer any questions or concerns you may have.
If you have any question that has not been addressed in this list, or if you would like to ask something additional, please don't hesitate to reach out to our online customer service team. We are here to help and look forward to assisting you with any inquiries you may have. Simply click on our live chat feature to connect with an online representative who will be happy to help.
