Micro Business Loan

Micro Business Loan


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 work with Microfinance banks and MSME Agencies in Nigeria to offer loans to prospective individuals. This loan is processed via YEN Learning Centre Limited.



Available loan amounts of  ₦10, 000  -  ₦2,000, 000

Methodology: Individual


  • Loan Tenor: 14days - 12 Months
  • Weekly / Monthly payment
  • All loan categories attracts an Interest rate between 3% - 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 of not less than 6months 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



  • 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


  • ​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.

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