PYES Registration 2022 Registration Update| www.p-yes.gov.ng

PYES Registration 2022 Registration Update| www.p-yes.gov.ng

The present day government has made many Empowerment program available indeed, Here is a complete guide on how to Apply for the pyes Government Empowerment program.

PYES Registration 2022 Registration Update| www.p-yes.gov.ng

This article will guide you on how you can register and be shortlisted to benefit from the pyes Empowerment fund.

HOW TO APPLY FOR THE YOUTH EMPOWERMENT FUND

1. Fill an application form online or obtain an application form from YEN office. Application is FREE
2. Two (2) recent passport photograph of applicant
3. Photocopy of National Identity
4. Photocopy of utility bill
5. All original copies must be tendered for verification
6. Two (2) guarantors: fill guarantor form and two passport photograph of guarantors (for LOANS only, not applicable to GRANTS)
7. Summit a business summary or a proposal of not more than three pages to YEN office or e-mail to [email protected]

GUIDELINES FOR REGISTRATION

PLEASE NOTE:

• Ensure your application form is completely filled otherwise your application will not be attended to
• Double entry of application form will lead to automatic disqualification
• Application will be processed within ten (10) working days of receiving your proposal.
• An appointment date will be communicated to successful applicant for proposal defending.
• Successful applicants will receive cash loan/grant within ten (10) working days after appointment.

Applicants must be between the ages of 16-21 years for grant and 21-45 years for loan.

Must be an entrepreneur or aspiring entrepreneur

Must have a business Initiative

Must be resident in Nigeria at the time of this application

OVERVIEWS OF (YEN) SME LOAN SCHEME

This is the information from the YEN SME office to the General public;

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

The grant is of different categories; the categories of applications are been broken to schemes below;

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

11% for 12months

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.

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?

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

Benefits of YEN LOAN SCHEME

• 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

Read about  Bismart.com.ng MONEY MAKING PLATFORM

ATTENTION

• ​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.

Loan Accessments / Orientation YEN Micro Business Loan

Take advantage of our free loan accessments and orientation which is targeted at;

• Running an instant check on applicant if they qualify for the loan.
• Highlight issues that can decline your application for the loan.
• Discuss how to properly apply for a loan
• Educate applicant on how to manage and repay the loan.

Time: 10am – 12noon

All interested participants should fill the registration form online. Loan accessment and orienation is FREE.