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.

https://www.sterlingbankng.com/yiedp/
For those in kaduna you can visit sterling bank regional office at Ali akilu. Road for more enquiries.

OK

I think this is an opportunity of a life time, that everyone needs to grab. Waiting for the government to make a career in life is like living in a pipe dream or building castles in the air. 36 months to repay a 3million naira facility is quite reasonable and even achievable ( if you know what you are doing). So I urge us (Nigerian Youths) not to let this opportunity slip out of our fingers, so let's set our goals and go get it. Kudos to Sterling Bank.

please what does a business proposal document entail?

This is a welcome development, kudos to sterling bank

please when will the application close.

flourishing:
please when will the application close.

I think they just started, so there s still time. Although it is better to start early so dey wont fix u in stream 2

kheart:


I think they just started, so there s still time. Although it is better to start early so dey wont fix u in stream 2

thanks @kheart.

This is a welcome development for enterprise oriented youth in Nigeria. We need more of auch from other Financial institutions, Sterling Bank is setting the pace.

More power to their elbow.

But I never do nysc ooo.. I'm a graduate.. Doing my house job.. How e go b for me

Phranex:
But I never do nysc ooo.. I'm a graduate.. Doing my house job.. How e go b for me

@Phranex you have to be at least a serving Corp member, if not passed out for as long as five years ago, to qualify for this scheme.

This is a wonderful thing, but what are the conditions like interest rate

onyeudo234:
This is a wonderful thing, but what are the conditions like interest rate

This question hasn't been attended to.

Can someone provide answer please?

D collateral is ur nysc and degree certificate. The interest rate is 9%

please what if I dnt have any legal property can I still apply

lightstone:
please what if I dnt have any legal property
can I still apply

Just apply first!

I think you can resolve that later

All you need do is apply, do the needfull online, make sure you business proposal visible, ones your application is selected then you are good to go. you will then be communicated on the next line of action. As for serving corpers I think this is a platform for you to start well. Cos as you will be graduating with capital to kickstart your business.

Lekandadz:
All you need do is apply, do the needfull online, make sure you business proposal visible, ones your application is selected then you are good to go. you will then be communicated on the next line of action. As for serving corpers I think this is a platform for you to start well. Cos as you will be graduating with capital to kickstart your business.

Have you heard from them since you applied?

It's more than 15 workings days now and I haven't heard from them which I was told they normally get back to people after submittion