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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 This email address is being protected from spambots. You need JavaScript enabled to view it.

Applicants will be evaluated based on applicant business summary or proposal submitted.

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.

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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

11% for 12months.

Details

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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

Details

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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

11% for 12months.