Apply Now for Bank of Industry/AGDC Loan for Youth Ignite Initiative Project 2019

Apply Now for Bank of Industry/AGDC Loan for Youth Ignite Initiative Project 2019

Apply Now for Bank of Industry/AGDC Loan for Youth Ignite Initiative Project 2019

Youth Ignite Initiative is a platform the place leading edge concepts are delivered to lifestyles. In mild of the new financial downturn, construction methods that create new jobs and make stronger the expansion of companies are of better want than ever.

Among the key hindrances to construction is the dearth of coaching, construction and make stronger, and financing. The “Youth Ignite” Project (underneath the Bank of Industry (BoI) Microenterprise Finance Program) search to handle those demanding situations with the make stronger of 1 million marketers to create five million jobs over the following five years.

This program is subsidized by way of FirstBank and coordinated by way of the Afterschool Graduate Development Center (AGDC) in patnership with the Bank of Industry (BoI). The primary goal of the undertaking is to create new jobs thru trade make stronger than 1 million marketers over the following five years to create five million jobs.

Microenterprises will likely be supplied coaching, single-digit hobby loans and ongoing make stronger right through the route of the five years.

Entrepreneurs are required to do the both of following:

  • Consider techniques folks behavior companies of their state or group and devise a more practical method to reach higher effects; or
  • Develop a approach to an issue(s) of their group or space of affect; or
  • Seek to command [more] trade price from a talent they already possess or business they’re concerned about.

OBJECTIVE

The primary goal of the undertaking is to create new jobs thru entrepreneurship by way of supporting 1 million marketers over the following five years to create five million jobs.

Prerequisites for the Program

Who we’re taking a look for: Talented, ingenious and devoted younger individuals who have an current trade or concept that they consider in and are dedicated to bringing to lifestyles.

What’s the deal?

Accepted members will achieve get right of entry to to mortgage of as much as Two Hundred Thousand naira (N200, 000) in addition to professional experience to lend a hand them with their trade technique and expansion. Shortlisted concepts/trade to will get right of entry to the next

Funding

Entrepreneurs decided on to participate in Micro Enterprise investment are routinely certified to obtain a single-digit hobby mortgage capped at Two hundred thousand naira (N200, 000).

Training

All decided on candidates are required to wait a trade boot camp to refine their trade technique

Community

All members routinely transform phase of the group of change-makers, pioneers, explorers, problem-solvers and corporate developers. To be sure the revel in is enriching for all members, we sparsely make a selection the correct of folks to enroll in the community. In the community, we facilitate knowledge sharing, useful resource sharing, peer comments, and proceed to business.

How to use

  • Interested marketers will have to seek advice from www.youthignite.ng
  • Entries will have to be submitted on-line throughout the specified time frame and comply with specified tips and phrases and prerequisites of participation obviously defined in this web site.
  • All entries will likely be reviewed by way of the Panel of Judges who consist of sparsely decided on achieved pros from all walks of lifestyles.

Proposed quantity for undertaking investment

Entrepreneurs upon assembly the desired standards and judges assessment would have get right of entry to to a “loan” price as required by way of their companies capped at N200,000.00 (Two Hundred Thousand Naira) to start out or develop their companies. Successful companies which are in a position to end up their thought (during the quantity of jobs created, income generated, and many others.) are then in a position to get right of entry to the “scale up loan” as much as the music of Five Hundred Thousand Naira (N500,000)

TERMS & CONDITIONS

Duration of the Programme

Loan cycle – 12 months (three months’ moratorium, nine months’ compensation)

 

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Updated: January 14, 2019 — 8:08 pm

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