Saturday 1 June 2013

Kenyan Youths Interest Free Loans (YEDF)

Several Interest Free Loan Packages under the Youth Enterprise Development Fund: Start Your Business. Visit the Nearest Youth Office around you:
CYES access procedures

1. C-Yes Rausha loan

This is a constituency based loan that targets new group projects. It is intended to start off youth who are venturing into business.

Features of the loan

Maximum amount of loan is Ksh. 50,000
The loan attracts no interest but will include 5% management fee
Payment of the loan commences after 3 months grace period
Payment of the loan is made in twelve (12) equal installments.

The applying group must:

Be registered with the relevant government body.
At least 70% youth membership (18-34 years) and the leadership should be 100% youth
Must have a valid group registration certificate
A clearly outlined business project proposal
The group loan applicants submit completed loan proposal forms

2. C-Yes Inua Loan

This is a constituency based loan intended to finance RUNNING GROUP projects and therefore for EXPANSION purposes only.

Features of the loan

1st loan maximum amount is Ksh. 100,000 payable in 12 months
2nd loan is Kshs.200,000 payable in 18 months
3rd Loan is Kshs. 400 000 payable in 24 months
The loan attracts no interest but will include 5% management fee
Payment of the loan commences after 2 months grace period

The applying group must:

Have cleared C-YES Rausha
Have a good credit history from other lending institutions
Have a running business
Be registered with the relevant government body
Group membership must not be less than 10
The Membership composition must be at least 70% youth (18-34 years), and the leadership 100% youth
Must have a valid group registration certificate
A clearly outlined business project proposal to expand or to diverse

3. C-Yes Special loan

This loan targets youth groups carrying out special business projects whose proceeds are generated on periodical or pre-determined irregular periods.

Features of the loan

Maximum amount for startups is Ksh. 50,000 payable within 1 year
Maximum amount for those expanding business is Ksh. 100,000 payable in 12 months
2nd loan is Kshs. 200,000 payable in 18 months
3rd loan is Kshs. 400,000 payable in 24 months
The loan attracts no interest but will include 5% management fee
The payment of the loan commences after the applicable grace period
Payments are quarterly, half yearly bullet payments.

The applying group must:

Be registered with the relevant government body
Group membership must not be less than 10.
The Membership composition must be at least 70% youth (18-34 years), and the leadership 100% youth.
Must have a valid group registration certificate
A clearly outlined business project proposal
The group loan applicants submit completed loan proposal forms.

#43rdTribeLessons
Courtesy of Youth TV

4 comments:

  1. Hello Everybody:
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    I am 52 years of age and an entrepreneur/businesswoman. I once had
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    Name: Mr Bob Lee.
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    ReplyDelete
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    ReplyDelete

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    ReplyDelete



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    ReplyDelete