Micro Business Loan

Our Micro Business Loan Scheme is currently SUSPENDED till further notice. Kindly visit this page at a later time for update when it will be re-opened!

 

About Micro Business Loan Scheme

Micro Business Loan Scheme provide loans with no collateral to young business men and women. We partnering with Microfinance banks and MSME Agencies in Nigeria to offer loans to prospective individuals.

LOANS CATEGORIES  

Available loan amounts of

Facility range: N10, 000 (minimum) to N300, 000 (maximum)

· Methodology: Individual

· Duration: months

 






Loan Terms

What are the requirements?

  1. Applicants must be between the ages of  21 - 45 years
  2. Must be an entrepreneur or aspiring entrepreneur
  3. Must own a business or a business Initiative
  4. Must have a valid BVN
  5. Must have a bank account with GTBank
  6. Must have a valid Identification card (Voters card, National ID card, Driver’s license, International passport)
  7. Must provide two guarantors
  8. Must have a verifiable residential address ( Business location is optional)
  9. Must reside in Nigeria
  10. Loan application letter
  11. Duly completed application form
  12. Current utility bill
  13. 4 recent passport-size photographs

Benefits:

About Micro Business Loan Scheme

Micro Business Loan Scheme provide loans with no collateral to young business men and women. We partnering with Microfinance banks and MSME Agencies in Nigeria to offer loans to prospective participants. Interest FREE loans will be given to all YEN members and affiliate NGO’s.

LOANS CATEGORIES  

Available loan amounts of

Facility range: N10, 000 (minimum) to N300, 000 (maximum)

· Methodology: Individual

· Duration: months

Loan Terms

What are the requirements?

  1. Applicants must be between the ages of  21 - 45 years
  2. Must be an entrepreneur or aspiring entrepreneur
  3. Must own a business or a business Initiative
  4. Must have a valid BVN
  5. Must have a bank account with GTBank
  6. Must have a valid Identification card (Voters card, National ID card, Driver’s license, International passport)
  7. Must provide two guarantors
  8. Must have a verifiable residential address ( Business location is optional)
  9. Must reside in Nigeria
  10. Loan application letter
  11. Duly completed application form
  12. Current utility bill
  13. 4 recent passport-size photographs

Benefits: