₦airaland Forum

Denn:
I reason with your permutation.

Deadline given is 27th of November for the submission. This implies that mentors should start contacting us from the next Monday at its earliest.

I reason that mentors would speak with us and give reports before disbursements. That should be the ideal thing. However, I don't know how it worked out in the last editions.

Then there is the issue of the boot camp.

All in all, payments can only come in by December at its earliest.

December is an expensive month to start business.

IN YOUWIN ONE WE WERE PAID BEFORE WE MET WITH OUR VARIOUS.
WHAT WILL THEY MENTOR WHEN U ARE NOT IN BUSINESS YET.
TO MY MIND GRANT WILL BE GIVEN BEFORE MENTORING.
ADDED TO IT, THE FACT THAT THE DEADLINE IS 27TH DOES NOT MEAN MENTORING START THEN. IT CLD BE DECEMBER .OR JANUARY

About the YouWiN! SME Growth Fund The YouWiN! SME Growth Fund is a commercially focused fund established by the Federal Ministry of Finance (FMF) of Nigeria. It was established with a seed capital of N3bn (approximately $20m which is expected to grow to about$50m) to support small and medium scale enterprises (SMEs) in Nigeria. This support is aimed at accelerating the growth and development of SME’s by financing business plans and proposals that are likely to have a positive impact on the Nigerian economy. Areas of expected impact include job creation, innovative solutions to market, development of skills and human capital, and the generation of profits/increased incomes. The Fund is established to invest capital of between N25m to N45m on average in SMEs, in return for equity share, or as secured loans. The Fund will be institutionalized to focus on SMEs with the potential to engender innovation, generate good return on investment, create jobs, and promote entrepreneurship and social development in general.
Application Process
Before applying for finance, it is important you make adequate preparations and have a solid business plan in place. The business plan is a mandatory requirement. It MUST be realistic, thorough, detailed, and should properly reflect your strategy for growing your business. SMEs interested in seeking investment from the fund must also meet ALL of the following pre-qualification criteria (as is relevant), before submitting an application: Applicants must own the majority of the shares/equity of the business they are seeking finance for. Where there is an equal partnership, the application must be a joint application all applicants must have a registered business enterprise or company with the Corporate Affairs Commission(CAC). A copy of the Certificate of Registration must be submitted at pre-qualification stage. All applicants must submit a copy of the management structure of their businesses, and a description of the corporate governance systems that are in place, the main business premises must be in located in Nigeria, and the business address must be within Nigeria Existing SMEs must have less than 100 employees Existing SMEs must have annual financial statements for each year of their existence, or be able to prepare same Existing SMEs must hold verifiable business bank accounts Existing SMEs must be able to provide tax clearance certificates for each year of their existence All applicants must have suitable identification documents (e.g. a passport or a drivers license)Detailed checks will be conducted to verify the information provided by the applicants. Applicants must be able to provide original documents and other evidence to support their application.

Beedee777:
Hi, Favoryourl.

Please (based on your past experience) are we going to need the 2 usual corporate referees? Or does the Youwin Secretariat referral cover for that requirement?

Many thanks!

no bank referral are persons with a businnes name acct or corporate acct.

blink182:
Hello, I still need your phone number so we can whatsapp or bbm pin.

08034969824

Following your validation, complete registration of your business with the Corporate Affairs Commission and collection of your certificate, you are required to open a corporate bank account in the name of your registered business. This account will be used to disburse the YouWiN! Grant funds for your business.

Kindly visit the nearest bank branch from the list below with the following (originals and photocopies);

a. CAC certificate and supporting documents which include particulars of shareholders and directors where applicable or a partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above).

b. YouWiN! Legal agreement.
Please note that you are to open the account as the ONLY signatory as you will be fully responsible for managing the grant funds.

The bank that you are to open a corporate account with is:

.....................

You can contact the desk officers listed in the attached link below for any clarifications or questions regarding your corporate account opening.

millionaires in the making if and only if u can replicate the milion

ebola things on youwin 3

manya:
Good evening everyone. First I send my gratitude to all that have been contributing to this thread because of the vast amount of knowledge we gain from them.
I am also a youwin3 awardee with an existing business. Though on youwin competition I registered my business as existing, I only registered it with CAC after first round result. I have been operating my biz with no CAC nor bank account- just locally. Now with this issue of evidence of transaction I am confused and don’t know what to do please pals advise me appropriately.
Here is what they said in the mail:
For existing businesses; registration documents (including particulars of shareholders and directors where applicable or partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above), evidence of previous annual report, cash flow such as bank statements, purchase orders, customer’s receipts or other evidence of previous transactions carried out within the last 6 months only.

no need tobe confuse.
just get ur receipts to previous transactions and most important records of sales and purchases. but remember to use different Biro/pen for the record or else they will tell u that this record was concocted.
cos I remembered vividly in my time a guy was told that his records were written last week so no cos for alarm. just make sure u have ur transactions receipts

has any one in the house been invited for the award?
expect ur invitation very soon.

konos:
Really. Anyways, what is the first tranche expected to be used for? Just curious but will appreciate an answeranswer

first is expected to be the startup grant. you draw ur scale of preferences based on ur needs and available amount.
normally first tranches has no mile stone attached to it but subsequent tranches might have mile stone of job creation and most likely your turnover as forecasted in your plans.
so consequent upon meeting the milestones, attracts subsequent tranches

konos:
Lol I don't think that is correct. If u read the agreement u will notice that they said they will decide the % depending on or bizness.

only those into agriculture get above 10% about 25% as first tranches

awezu:
Ok on batteries ..... about 80% of batteries in circulation here in Nigeria are inferior products from Asia and even from other African countries . Also not all batteries from Europe are of standard quality. Renewable energy products and its accessories require a manufacturer that understands where the products are going to and designs the best quality that suits that environment .... (thats why i am a youwin awardee) cos i dont follow the crowd, i stand out

My batteries come with btw 1-7yrs warranty depending on the product and price ure willing to pay and an additional 3 years after warranty replacement at a minimum cost . Guys do you know that a good battery should last you a minimum of 3yrs to 15yrs usage. c'mon there is a solution on ground already guys dnt worry urself about power no more even if ure operating from the deserts of zamfara .

We are together and we will be joint beneficiaries of each others innovations....... we are family now

bros let me have your contact so I cld call u I have been thinking of using one before now.

konos:
I have not yet seen the email from you win. How many people have seen theirs I.e. invitation for validation and sign of legal docs

check ur spam mesaages

You are invited to the validation process that determines your eligibility for the YouWiN! grant award and the signing of a Legal Agreement with the Federal Ministry of Finance scheduled to take place as follows:

Date: Thursday, October 23 2014
Venue: Phase 2 Auditorium, Federal Ministry of Finance, Ahmadu Bello Way, Abuja
Time: 7:30am

You are required to bring along with you the original and 1 photocopy of the following;

1. Your Government issued ID that confirms your identity, age and Nigerian citizenship these include one of the following; driver’s license, national ID, voter’s card, international passport, birth certificates and sworn declarations of age obtained prior to August 2014)

2. For new businesses, registration documents or proof to show that you have started the process of registration of Business Name with the Corporate Affairs Commission (CAC). For businesses in partnerships- you are required to come along with a partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above.

3. For existing businesses; registration documents (including particulars of shareholders and directors where applicable or partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above), evidence of previous annual report, cash flow such as bank statements, purchase orders, customer’s receipts or other evidence of previous transactions carried out within the last 6 months only.

*Please note that you must comply with instructions as described above as failure to do so will result in you not being validated.

Also note that you are responsible for all travel and lodging expenses for this meeting as there will be no reimbursements. Make every effort to attend this event because the validation and legal agreement signing are mandatory criteria that makes you eligible to receive the YouWiN! funds.


Note:
Participation in YouWiN! is FREE for all components of the program, and has not authorized any individual or organization to collect payments for participation. Candidates and awardees are advised to make no payments to anybody on account of YouWiN! participation and are required to immediately contact the secretariat should anyone request payment

Yours,

YouWiN Programme.

N.B:
Please note that this email is sent without prejudice to the prerogative
of the Federal Government of Nigeria to withdraw, terminate or modify the
YouWiN Programme at any time without notice to you

BANK OF INDUSTRY LIMITED
Questionnaire for Cooperative Funding
(To be Completed by the Participant)
NAME OF COOPERATIVE SOCIETY:……………………………………………………………………
……………………………………………………………………………………………………………………………………………
BANK OF INDUSTRY LIMITED
QUESTIONNAIRE FOR COOPERATIVE FUNDING
I: BACKGROUND INFORMATION:
1. Name of the Participant: …………………………………………………………...
2. Address of the Participant: ………………………………………………………. ………………………………………………………………………………………
3. Name of the Association: ………………………………………………………...... ………………………………………………………………………………………
4. Address of the association: ………………………………………………………... ………………………………………………………………………………………
5. Current or proposed site (location) address: …………………………………......... ………………………………………………………………………………………
6. Current or proposed product(s) or service(s): ……………………………………... …………………………...………………………………………………………….
7. Status (whether new or expansion): ……………………………………………......
8. How many years in the business: ………………………………………………...... ………….…………………………………………………………………………...
9. Age of the participant: ………………………………………………......................
10. Marital Status: ………………………………………………...................................
11. Educational Qualification(s): ………………………………………………............ ………………………………………………………...…………………………….
12. Work Experience-Places worked and period: ……………………………………... ……………………………………………………………………………………… ………………………………………………………………………………………
13. Participants Status in the Community, Associations amongst other information: .... ………………………………………………………………………………………
II: BUSINESS FEATURES:
a) Are you operating from a rented or own property? If rented premises, confirm rent per month: …………………………………………………………………………..
b) Existing contribution to business -- List and value of existing assets e.g land, buildings, items of equipment, vehicles, furniture items etc as at date: …………… ……………………………………………………………………………………….
c) Amount of Loan required from BOI: ……………………………………………….
d) What is the purpose of the Loan be - List the items and their values (attach invoices for the items to be bought, where available/applicable): ………………….………………………………………………………………………………………. ……………………………………………………………………………………….
e) Average Actual/Expected daily sales/income from business: …………………....... ………………………………………………………………………………………
f) Average Actual/Expected daily expenses on business: …………………………….
g) Average Actual/Expected daily margin on business: ………………………………
h) If given the Loan, how many months will it take for you to pay the loan and the interest?....................................................................................................................... .....................................................................................................................................
III- OPERATING COSTS:
a) How many workers employed or to be employed? ...................................................
b) Confirm salaries paid to the workers either monthly or whatever period: ………… ………………………………………………………………………………………
c) Confirm sources, quantities and value of raw materials/ingredients being used or to be used: ………………………………………………………………………….. ……………………………………………………………………………………… ………………………………………………………………………………………
d) Confirm amount being spent (or proposed for new business) on fuel/diesel, water and electricity on monthly basis: …………………………………………………...
IV- BANKING DETAILS:
a) Do you have a Bank Account? ...................................................................................
b) If yes, state the Bank’s name and how long you have been operating the account? ……………………………………………………………………………………… ………………………………………………………………………………………
c) Confirm if currently enjoying any Bank loan: …………………………………...…
d) If yes for (a) above, provide details such name of Bank, loan amount, interest, loan duration, security provided amongst other information:……………………………. ………………………………………………………………………………………. ……………………………………………………………………………………….

e) Provide copy of Bank Statement, where bank account exists.
V- MARKETING ARRANGEMENT:
a) Confirm average number of current customers/clients and the market prospects for the products/services: ………………………………………………………………. ………………………………………………………………………………………. ………………………………………………………………………………………. ……………………………………………………………………………………….
b) Provide names of major customers, where applicable: …………………………….. ………………………………………………………………………………………. ………………………………………………………………………………………. ………………………………………………………………………………………. ……………………………………………………………………………………….
c) Confirm prices (current or proposed) for products or services: ……………………. ………………………………………………………………………………………. ………………………………………………………………………………………. ……………………………………………………………………………………….
VI- OTHER USEFUL INFORMATION:
a) Provide any other relevant information on yourself and the business not covered in the above details: ……………………………………………………………….. ……………………………………………………………………………………… ……………………………………………………………………………………… ……………………………………………………………………………………… ……………………………………………………………………………………… ……………………………………………………………………………………… ………………………………………………………………………………………
Signature of Participant: …………………………………………………………………...
Position in the Organization: ………………………………………………………………
Date: ………………………………………………………………………………………..

Bank of Industry (BOI) : MSME Financial FacilitiesBank of Industry provides financial facilities to;Small, medium and large enterprises, excluding cottage industries.New or existing companies, seeking expansion, mordenisation or diversification.Credit worthy promoters who will be required to prove their commitment to the project by contributing at least 25% of the project cost excluding land.Borrowers whose management capability, financial situation (including availability of collateral and guarantee), character and reputation are incontrovertible.Clients with demonstrable ability to meet loan repayments.Borrowers with no record of unpaid loans to erstwhile development finance institutions and other banks.The process to kick start and access funds are through “3 Easy Steps”;
1.Write a formal application letter
2.Completion of BOI’s Questionnaire
3.Submission of Forms and the QuestionnaireTo download the forms and get all the necessary information required visit;

WORRIED by their inability to access its loans as a result of badly presented applications, the Bank of Industry (BoI), at the weekend, unfolded plans to partner Business Support firms (BSFs) to drive its intervention agenda in the small and mediumenterprises sector.Besides, the bank also expressed its resolve to explore new funding alternatives in a bid to realise its mandates, following the pressure, which has continued to mount on government’s resources in terms of financing.The bank noted that it was seeking new funds to make impactful contributions to Federal Government’s National Industrial Revolution Plan (NIRP) as well as serve the underserved, particularly the small and medium enterprises.Addressing journalists in Lagos on Friday, the Managing Director, BoI, Rasheed Olaoluwa, noted that the bank was developing strategies to improve stakeholders’ access to funds.“BoI is trying to achieve a balance in its functions as a development finance institution in terms of delivering social impact and maintaining a sustainable loan infrastructure.“We have met with Business Support Firms to address the large percentage of substandard loan applications as we have discovered that a good way out is to engage with BSFs who will receive the applications and help review them as they better understand how a bankable proposal should look like,” he said.He added that the SME sector would receive adequate attention from the development bank and their funding challenges addressedthrough concrete and visible steps.“Although we are confident that key shareholders in the NIRP initiative like the Ministry of Finance Incorporated and the Central Bank of Nigeria CBN, will continue to support the bank with some equity injection, but considering the fact that there is a lot of demand on government’s resources, we are exploring alternative modes of funding such as continuation of sector specific intervention funds by the CBN, Ministry of Agriculture, Solid Minerals and others; managed funds from various state governments and foundations; long-term loans at very low interest rates from multi-lateral/international development institutions,” he said.He added that BoI would also explore domestic and international bond issuance and other sustainable annuity sources that may become statutorily imperative in the medium to long term.He disclosed that in pursuance of the success of President Goodluck Jonathan’s transformation agenda, a major focal point ofthe bank was to help promote employment generation and wealth creation through access to development funds.“We have met with Business Support Firms BSFs to address the large percentage of substandard loan applications as we have discovered that a good way out is to engage with BSFs who will receive the applications and help review them as they better understand how a bankable proposal should look like,” he said.“As you are aware, our Honourable Minister in the Ministry of Industry Trade and Investment, Olusegun Aganga, is leading the efforts to industrialise Nigeria and to create millions of jobs in the process. At BoI, we’re passionate about these objectives,” he said.He said that he had also met and discussed with the Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina on issues relating to the various agricultural development funds managed by BoI as part of the minister’s efforts to transform Nigeria’s agricultural sector.“We are in agreement that there is room for wider collaboration between his ministry andBoI, especially in the area of financing the agricultural value chain,” he said.He unfolded the bank’s agenda to pursue good corporate governance; sharp focus on its core mandate; sound risk management and compliance; venture capital investments; partnerships and collaborations; customer service responsiveness and create linkages betweeninnovation and industry.

Denn:
Do we have designated banks?

Can we open with any bank of our choice?

EACH ZONE HAS IT DESIGNATED BANK
FOR NORTH WEST GT BANK
SOME NORTH CENTRAL SKY BANK JUST INQUIRE FROM PREVIOUS AWARDEE IN UR ZONE(GEOPOLITICAL)

ADVICE TO AWARDEES
If u are an awwardee u can go a step further by geting ur TIN number with FIRS to enable u open ur corporate account.(IT IS FREE)
just sugesting pls no ill feelings

blink182:
Superb! Please can we have your answers for the second stage questions.

i just formatted my system not quite long after 2nd stage of youwin 3 with the impression that it was the final stage.
so can u kindly send me the questions so i cld work on them within a week. with the particular intended business

FOR BLOCK INDUSTRY

Q 1Briefly decribe your business. What products and/or services do you offer. What are your business objectives. FAVOR block industry is a cement block molding industry that will be involved in the Production and sales of building blocks of different sizes and shapes for masonry use. Cement blocks are widely use as a major construction materials and as such used in all residential , commercial,and industrial building construction. Our objectives includes;- Creating an image that is unique, differentiated, and definable in the mind of our customers by ensuring products quality, judgement like durability, performance features, reliability, safety, aesthetic, appearance are at the best.- Building of sales volume and brand value simultaneously to become the leading provider of cement blocks and services in Bernese town.

Q 2Why are you in this business? What are the advantages your products have over competitors.

Going into any business requires addressing a need. The ever increasing demand for new residential, office building to accommodate people has created a high demand for quality blocks. As a result of this demand a huge market gap has been created for possible exploitation by FAVOR blocks. Apart from my passion for the business, i have been involved in the business from child hood because my father is a veteran in the industry. So its like turning an interest or hobby into a business. Our products have the following as an advantage;- The quality and strength differentiation, cost effectiveness and versatility, appearance of our products separate us from the competition and will propel demand as we ramp up our marketing strategies.- Our core competency is the intellectual properties within the industry that are innovative will help our industry distinguish our block from its rivals as well as reduced its cost


Q 3Describe your target market and any segment in your Market. How do you plan to reach your target market segment.

Key factors were considered prior to the selecting of corporate market segment. The attractiveness of this segment is based on its profitability, growth potential, size of the market, risk associated with the market and the capacity of the business to serve the selected segment. FAVOR block shall target individuals building houses, government contractors, building contractors, civil engineers, development agencies, construction workers, and architect within the corporate arena. The industry plans to reach its target markets by; Working closely with distributors Making use of direct selling which include s, personal contact, personal selling,as well as advertisements and publicity.

Q 4Who are your major competitors, how do you intend to capture the market from your competitors. Our major competitors are not within the locality of the business, however, competition may arise from other blocks industry outside ONDO They include Donna blocks, Navarre blocks, Daniela blocks. Other competition may arise from close substitute like red bricks made from sand. We intend to capture the market from our competitors through our marketing effort that will be focused on identifying and understanding customers ever changing needs. The marketing effort i.e(market mix) will drive the customers value proposition of our products.- we will strive to ensure the quality and strength of our blocks are not compromised- we will use a combination of push and pull strategy to create awareness and appraise lead and sales- we will establish a unique selling advantage as we will look into all aspect of adding value in terms of customers intimacy and value base pricing.- our business will be located in the most convenient location for customers with a good access road and a communication network.- we will gather people who are best in the industry to work for us.


Q 5What are the risk involved in implementing your business. How do you intend to manage or reduce this risk. The risk includes;-

market risk:- Markets that are overly saturated with our products and potential customers are already locked up by competitors, it will be difficult to gain significant market share. FAVOR blocks will effectively manage this risks by performing a market analysis to determine potential market and uncovered customers need.-

management/­operational risk:- ineffective management can have adverse effects on sales efficiency, quality control and customer service. We plan to mitigate this by employing experienced and skilled labourers.-

financial risk:- this emanate from the fact that owners contributions is small as compared to the amount requested from external funders. This will be mitigated by seeking for grants and low or interest free loan.

- event/products risk:- events like rain, flood, adulterated cement, can have severe effect on the production process. We plan to mitigate this by producing much blocks that will be sold in raining season and acquisition of land that will not be affected by flood.

Q 6Briefly describe the operation process in your business.

1. The first step is business registration with CAC
2. Acquisition of space (land)
3. Sinking of borehole or well
4.Purchase of block molding machines and equipments, this includes;- vibrating block molding machine (mold blocks faster)- diesel generator (power supply)- cement mixer (needed for proper mixing of cement, sand and water)- Wooden pallet (seat that support cement block in the molding drying process)- Head pans and shovels(needed to carry sand)- supply vehicle(truck to deliver blocks to customers on building site)
5. Raw material need for cement block production. ( sand, cement and water)
6. Hiring of experience workers.
The production of blocks consist of three basic steps, mixing, molding and curing.



Q7What experience do you have to enable you manage this business. Include any relevant training and experience.As currently the manager of Dangers blocks, own by my uncle, it is imperative that i have an indepth understanding of the managerial duties and responsibilities in the industry. My duty is to oversee all the operations and practices of the industry. Added to it, I have been involved in the businee from child hood because my father is a veteran in the industry. So its like turning an interest or hobby into a business.

8How much money do you need to implement your business? How will you fund the business? What will the fund beused for? How and when the business Will make profit? Please show a summary of the break even.The money needed to implement this business is N7,451,400. Out of which252,000 thousand naira will be owners contribution.Part of The fund will be used in the purchase of capital machines and equipment while the remaining will be used for running operating expenses.It is envisage that the business will make profit after it has covered both the fixed and variable cost. This will be after7 months from the inception of the business.Total fixed cost = N 2,881,208Price per unit = N150Cost per unit =N 92Total revenue = N17,130,000 (10 months)Total cost = N10,506,400 (10 months)Contribution margin = N17,130,000 - N10,506,400= N6,623,600Contribution margin ratio = contributions margin ÷ revenue= N6,623,600 ÷ N17,130,000= 0.3866667Break-even (amount) = Fixed cost ÷ contribution margin ratio= N2,881,208 ÷ 0.3866667= N7,451,399.Break-even (units) = Break-even amount÷ cost per unit= N7,451,399 ÷ N150= 49,676 unitsAlternatively ;Breakeven (units) = fixed cost ÷ contribution= N2,881,208 ÷ (150 - 92)= 2,881,208 ÷ 58= 49,676 units.Break-even (Amount ) = Break even units × price per unit= 49,676 × 150= N7,451,400Aug 11

blink182:
I sent you an email concerning your proposal.

yeah i have replied your mail though u did not specify the particular one u needed.
howbeit, you must understand that am ready to be of help where and when ever u need me free of charge.

bolufelix:
HI STAG. IS THERE STILL GOING TO BE ANOTHER VISIT TO ABUJA AFTER D LEGAL AGREEMENT
?

yeah you will be going to abuja for booth camp training about three times there about.
and let me quickly add that some group of persons will be called soon to abuja for the presidential award before the signing things. so when u are called be rest assured that u business plan is good
judging from youwin one. we were called for the award and all expenses fully paid. that was my first time of seeing p square and they sang chop my money.

IN WITNESS WHEREOF the parties hereto have hereunto set their hands and seals the day and year first above written.
SIGNED SEALED AND DELIVERED BY The Honorable Minister of Finance, ] For and on behalf of the ] ----------------------------------------- Federal Republic of Nigeria ] Mrs. A. M. Daniel-Nwaobia Permanent Secretary
16
In the presence of:
Signature:………………………………………
Name:……………………………………………
Title:……………………………………………..
SIGNED, SEALED AND DELIVERED BY:
Signature:……………………………….
Name:………………………………………
Title:…………………………………………
In the presence of
Signature:………………………………………………

Termination for Cause
18.2.1 Grounds for termination of this Agreement by the FMF for cause shall include that the Recipient:
18.2.2 Commits any material breach of this GRANT AGREEMENT.
18.2.3 Fails to perform his obligations as stated in the business plan or this GRANT AGREEMENT.
18.2.4 Fails to operate or administer his business with reasonable diligence to assure compliance with this GRANT AGREEMENT.
18.2.5 Fails to promptly take appropriate and adequate corrective or remedial action to address any misuse of grants funds.
18.2.6 Fails to ensure that the work/business for which grant funds already disbursed were ear-marked begins and proceeds with reasonable dispatch.
18.2.6 Fails to ensure that grant funds disbursed to the Recipient or by Recipient for procurement of goods or services or any reason whatsoever captured within the purview of this GRANT AGREEMENT are properly used and accounted for in accordance with this GRANT AGREEMENT.
18.2.7 Discontinues the performance of the work, business or Business Plan approved during pre-qualification without first terminating this Grant Agreement as above provided.
18.2.8 Fails to resume or cause to be resumed work/business that has been discontinued within the period specified in any written notice from the FMF to do so.
18.2.9 Becomes insolvent or is declared insolvent, unless within Thirty (30) days the Recipient (including its receiver or trustee in bankruptcy) provides to the FMF adequate assurances, reasonably acceptable to the FMF, of Recipient's continuing ability and willingness to fulfill its obligations under this GRANT AGREEMENT.
18.2.10 Makes an assignment of its rights or obligations hereunder, whether for the benefit of creditors or otherwise, without the prior written approval of the FMF.
18.2.11 Makes or has made any intentional misrepresentation, or any intentional omission to state material facts (the lack of which made the statement so made misleading), in any oral or written statements or materials provi

ARTICLE 6 - SCHEDULE OF DISBURSEMENT
6.1 Tranche No. 1: Upon successful achievement of 100 percent of the pre-qualification objectives, the Recipient shall receive a percentage, to be determined by the FMF, of the total sum awarded as grant for the start-up of new business or expansion of existing business (whichever is applicable).
6.2 Tranche No. 2: The Recipient files with the FMF financial records and business narrative reports clearly depicting substantial achievement of tranche 1 milestones to an extent satisfactory to the FMF, especially in the application of earlier grant funds to approved deliverables and (preferably) the successful achievement of those deliverables.
6.3 Tranche No. 3: The Recipient files with the FMF financial records and business reports clearly depicting substantial achievement of tranche 3 milestones to an extent satisfactory to the FMF, especially in the application of earlier grant funds to approved deliverables and (preferably) the successful achievement of those deliverables.

FEDERAL GOVERNMENT OF NIGERIA
FEDERAL MINISTRY OF FINANCE
YOUTH ENTERPRISE WITH INNOVATION IN NIGERIA [YouWiN]
PROGRAMME
SMALL BUSINESS (START-UP AND EXPANSION) GRANT AGREEMENT
THIS GRANT AGREEMENT is made this ……………………….. day of……………………………………………, 2014
Between:
The Federal Government of Nigeria (“FGN”), represented, by Mrs. A. M. Daniel-Nwaobia the Permanent Secretary, Federal Ministry of Finance of Ahmadu Bello Way, PMB 14, Central Business District, Abuja (hereinafter referred to as "The Ministry" or "FMF", which term shall, as the context permits, refer to its successors-in-title),
And:
……………………………………………………….. of ……………........................................... ………………………………………………………………………………………………………………………….. (hereinafter referred to as "The Recipient", which term shall, where the context so permits, include his successors-in-title)
WHEREAS:
a) The FGN wishes to empower youth entrepreneurs in Nigeria through a special programme known and described as the YOUTH ENTERPRISE WITH INNOVATION IN NIGERIA PROGRAMME (“YouWiN”) with the overall objective of creating employment through the expansion or creation of businesses wholly owned and/or managed by young Nigerian entrepreneurs within the catchment age;
b) The FGN has mandated the FMF to coordinate the selection of beneficiaries under YouWiN and the FMF has launched a Business Plan Competition to identify qualified entrepreneurs with bankable business ideas requiring start-up or expansion capital and who agree to accept a grant to meet the business needs of the approved business plan and the perceived ability of the entrepreneur to meet pre-agreed business targets; and
c) The Recipient, having voluntarily and successfully participated in the pre-qualification exercises for beneficiaries as prescribed in the YouWiN Guidelines, has been selected

In preparation towards the validation process that determines your eligibility for the YouWiN! grant award and the signing of a Legal Agreement with the Federal Ministry of Finance which is scheduled to hold for a day within October 20 – 28, 2014 in Abuja. A sample of the agreement can be viewed by clicking below link.Alternatively, you can copy and paste the link URL unto a web browser.

https://www.youwin.org.ng/wp-content/uploads/2014/10/YouWiN-3_Grantee_Agreement.pdf
You are advised to carefully review ahead of the validation and signing of agreement.

Validation details (date and time) for your region will be sent to you next week. Please note that you are responsible for all travel expenses for this meeting as there will be no reimbursements.

@ denn you will not understand when someone insult your
he said my youwin 1 was a fluke just to remind him GOD HAND IS IN IT
U TOOO U DEY VEX. DONT GIVE UP UR MIRACLE IS ON THE WAY

favoryourl: I can see u still have same problem,
let me take it one at a time.
u break even at the point when u have covered ur total cost.
now your your total cost include your fixed and running cost
what you don't knw is that ur total cost is the money u need to start ur business.
ur views about BE are myopic because u only knw breakeven as when revenue is equal to total cost.
NOTE;
you can only break even when you have recovered the money you started the business with. anything short of this, you have not.
added to it am beginning to believe you failed in youwin 1 and you are trying to meet up.
pls don't confuse the forum members and let me tell u this for free
23 persons I wrote this youwin 3 are awaiting youwin panel. so you can see it was not a fluke.

yes thank GOD youwin 3 is gone now we awaits 4th.
my break even critics i hope u belong to our clique now. if not wish u luck in youwin 4 and dont forget to seek advice from experts
18 names of the 23 pple i help are now millionaires with no charge.

SURELY!!!!!!!!
This is a September to be remembered for good.
the 9th month signifies delivery. I prophesy this morning into everything concerning u this month there shall be delivery.

thank God for you guys that made it thru the final stage.
So far I have seen 18 Names remaining just few.
for those who did not make it, don't let your dreams die here, take it to the next level and God will help u.
Remain blessed