Friday, 30 September 2016

Sterling Bank Plc Youth Innovative Entrepreneurship Development Programme (YIEDP) 2016

Is it true that you are on the quest for financing for your business? Sterling Bank is putting forth low-interest loan facilities to people and business groups created by youngsters. The Program is outlined particularly for Nigerian Applicants residing in Nigeria.Sterling Bank Plc Youth Innovative Entrepreneurship Development Programme (YIEDP) 2016

Sterling Bank Youth Innovative Entrepreneurship Development Programme (YIEDP) 2016


The Youth Innovative Entrepreneurship Development Program (YIEDP) is organized to tackle the inactive entrepreneurial soul among the teeming young people by giving convenient and reasonable loans to actualize their business thoughts. The exercises to be secured under the Program are new businesses and expansion projects for serving and youtngl graduates in the following sub-parts:
• Agricultural Value Chain (fish cultivating, poultry, snail cultivating and so on)
• Cottage Industry
• Creative Industry (tourism,
arts and craft)
• Information and Communication Technology (ICT)
• Any other action that might be
determined by CBN now and again.

Qualified Fields:

  • Agro-Allied
  • Food Processing / Preservation
  • Arts and Crafts
  • Manufacturing / Cottage Industry
  • Information and Communication Technology (ICT)
  • Construction Support
  • Power and Energy
  • Education and Financial Inclusion
  • Film and Photography
  • Automobile
  • Others
Eligibility: The following categories of youth (aged 18 – 35) are eligible under this scheme:
  • Serving youth corps members
  • Non-NYSC (not more than 5 years post NYSC)
  • Artisans
  • Security: Graduate entrepreneurs will use their tertiary institution(s) certificate(s) and their NYSC discharge certificate. Serving Corp members will pledge their NYSC discharge certificate and their tertiary institution(s) certificates(s). Also, legal ownership of assets financed by the Bank and 3rd party guarantors will be requested as additional collateral from all entrepreneurs.
Value:
 A Single Applicant can access a N3m facility while group projects jointly owned by 3-5 qualified beneficiaries can access a N10m facility. The jointly owned businesses will operate as registered partnerships.
Duration of Programme: The Programme will be done in tranches. Date for each tranche will be made known to the general public via our websites and other news media.

How to Apply: 
Interested candidates should apply online via Sterling Bank Portal.
 Click Here To Start Application
It is important to go through the FAQ before applying.

Visit Programme Webpage for details

Note: Application status can be tracked on the portal and the bank will also notify successful Applicants via their email addresses.

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