Dear Colleagues,

In recognition of our commitment to Small and Medium Enterprises (SMEs) and youth development, Heritage Bank has been adopted by the Central Bank of Nigeria (CBN) as the pilot bank for the Youth Innovative Entrepreneurship Development Programme (YIEDP). The programme is aimed at harnessing the latent entrepreneurial spirit in the teeming youth by providing them timely and affordable loans to implement their business ideas. It further provides a sustainable mechanism to stimulate employment, contribute to the nation’s non-oil Gross Domestic Product (GDP) and address the challenge of youth restiveness.

The following youth, aged 18 – 35, are eligible under this scheme:



I. Serving National Youth Corps members

II. Non-NYSC members (not more than five years post National Youth Service)



Qualified Business Sectors:

1. Agro - Allied

2. Food Processing / Preservation

3. Arts & Crafts

4. Manufacturing / Cottage Industry

5. Information & Communication Technology (ICT)

6. Construction Support

7. Power & Energy

8. Education & Financial Inclusion

9. Film & Photography

10. Automobile

11. Others



Transaction Dynamics:

· Eligible youth can apply for the loan through this portal http://www.yiedp-hbng.com/ using his/her NYSC State Code

· Applications can be made as an individual or as a group of 3-5 applicants with similar business interests

· A single applicant can access up to a facility limit of N3million while group projects jointly owned by 3-5 qualified beneficiaries can access up to a facility limit of N10million

· Applicants can also track application status via the same portal

· Applications will be processed centrally from the Head Office Annex

· 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

· Successful candidates will be assigned to ECs close to the intended business locations.



Please refer to the FAQ for further clarification http://www.yiedp-hbng.com/ies/faqs.aspx



Thank you.

these is for apc supporters(berem, modath, egift, uncle gbawe, passingshots, omenka, midolian etc)