National Youth Empowerment program 2022

Application Now Opened!

About YEN Micro Business Loan Scheme

YEN Micro Business Loan Scheme provide loans with no collateral to young business men and women. We partner with Microfinance banks and MSME Agencies in Nigeria to offer loans to prospective individuals. This loan is powered by YEN Learning Centre Limited.

To apply : https://bit.ly/PYES-PORTA

LOANS CATEGORIES

Available loan amounts of ₦5, 000 – ₦300, 000

Methodology: Individual

LOANS TERMS

Loan Tenor: 14days – 12 Months
Weekly / Monthly payment
All loan categories attracts an Interest rate of 5% – 10%

What are the requirements?

Applicants must be between the ages of 21 – 55 years
Must be an entrepreneur or aspiring entrepreneur
Must own a business or a business Initiative
Must have a valid BVN
Must have a bank account with valid ATM Card
Must have a valid Identification card (Voters card, National ID card, Driver’s license, International passport)
Must provide two contact persons details
Must have a verifiable residential address ( Business location is additional advantage.)
Must reside in Nigeria
Duly completed application form

Benefits:

No collateral
Access to funds for business expansion
Access to other loan products
Flexible repayment structure
Training on basic financial management, business planning and customer relations
Low interest rate
Expert financial advice available

To apply : https://bit.ly/PYES-PORTA

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https://bit.ly/PYES-PORTA

Note:

Loan begins to read from the date of disbursement of amount.
A charge of ₦475 is required to verify your BVN and Credit Score. Application without this payment will not be processed.

Youth Empowerment Nigeria (YEN) SME LOAN SCHEME

The attention of the general public, Youth Empowerment Nigeria members, all affiliate NGOS of Youth Empowerment Nigeria are welcome to partake in YEN SME Support initiative through offering of Loans with no collateral and grants to intending young business men and women. YEN is partnering with Microfinance banks and SME Agencies in Nigeria to offer loans to prospective participants. Interest FREE loans will be given to all YEN members and affiliate NGO’s.

GRANTS CATEGORIES (16years – 21years)

SCHEME A #100,000

SCHEME B #50,000

LOANS CATEGORIES (21years – 45years)

SCHEME A #300,000

SCHEME B #200,000

SCHEME C #100,000

SCHEME D #50,000

All loan categories attracts a nominal Interest rate of

5% for 3months

7% for 6months

9% for 9months