Apply for Sterling Bank Youth Innovative Entrepreneurship Development Programme

Apply for Sterling Bank Youth Innovative Entrepreneurship Development Programme




Description :YIEDP stands fo r Youth Innovative Entrepreneurship Development Programme.

The Programme is aimed at harnessing the latent entrepreneurial spirit among the teeming youths by providing timely and affordable loans to implement their business ideas. 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)



Qualified Business Sectors:

Agro-Allied

Food Processing / Preservation

Arts & Crafts

Manufacturing / Cottage Industry

Information & Communication Technology (ICT)

Construction Support

Power & Energy

Education & Financial Inclusion

Film & Photography

Automobile

Others

The details below are relevant for all eligible youth:
Eligible youth can apply for the loan through this portal (*input link to the portal) using his/her NYSC State Code.

Applications can be made as an Individual or as a group (of 3-5 applicants with similar business interest)

A single applicant can access up to a facility limit N3m while group project jointly owned by 3-5 qualified beneficiaries can access up to a facility limit of N10m.

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


How to Apply
Click here to apply for this programmeClick Here