Sterling Bank 2016 Youth Entrepreneurship Development Programme (YEDP)

 Sterling Bank 2016 Youth Entrepreneurship Development Programme

The Sterling Bank Plc popularly known as “the one-customer bank” is a national commercial bank in based in Nigeria. For those who works there can tell that  Sterling Bank customers are always the number one top most priority of the bank and they do value their feedback and ideas.  In Sterling bank, they have developed several methods of keeping in touch with their esteemed valued customers.
Applications are invited for:Sterling Bank 2016 Youth Entrepreneurship Development Programme (YEDP)

Description

 The Sterling Bank YIEDP Programme – Please all applicants are to note that the acronym YIEDP stands for Youth Innovative Entrepreneurship Development Programme. According to the Programme sponsors this particular programme is solely aimed at making sure that the harnessing of latent entrepreneurial spirit among the teeming youths is ensured by providing timely and affordable loans to implement their business ideas.

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

Requirements For Application

 Please note that 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)

Applicants should please note that the details made available below are relevant for all eligible youth:

  • Eligible applicants should note that they can apply for the loan using his/her NYSC State Code.
  • Also the various applications can also be made as an Individual or as a group (of 3-5 but applicants should have similar business interest)
  • Then for a single applicant, they can access up to a facility limit N3m. Then for the group project jointly owned by 3-5 qualified beneficiaries can access up to a facility limit of N10m.
  • Security: All Graduate applicant entrepreneurs will use their tertiary institution(s) certificate(s) and their NYSC discharge certificate. For the Serving Corp members, they are to 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.
  • All Participants must have served as it where in the last 5 years, or be presently serving or must be an artisan with vocational qualifications and certificates to show to the sponsors.

 Good luck to you.

Sterling Bank 2016 Youth Entrepreneurship Development Programme

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