FEATURES OF THE YOUTH ENTREPRENEURSHIP SUPPORT PROGRAMME (YES-PROGRAMME)
2:26:00 PM
FEATURES OF THE YOUTH ENTREPRENEURSHIP SUPPORT PROGRAMME (YES-PROGRAMME)
| PROJECTED IMPACT | The fund shall be deployed to support the establishment and/or expansion of an estimated 1,200 enterprises promoted by Nigerian youths across the country. The scheme is expected to create a minimum of 6,000 direct jobs and 30,000 indirect jobs annually, totaling 36,000 jobs. |
| PROGRAM LIMIT | N10.0 billion. |
| SINGLE OBLIGOR LIMIT | Up to N5 million for loan.
Equity investment could also be considered on a case-by-case basis.
|
| APPROVAL LIMIT | In line with the Bank’s approval limit. |
| PRICING | Interest Rate: 9% per annum.
Fees: 1% Processing fee.
|
| TENOR | 3 – 5 years. |
| MORATORIUM | Six (6) months from date of Loan Disbursement. |
0 comments