NYSC Member with a Great Business Idea Can Apply for Bank of Industry’s N2 Billion Graduate Entrepreneurship Fund
Are you a corps member looking for how to fund your business idea? The Bank of Industry (BOI) N2 billion Graduate Entrepreneurship Fund (GEF) is calling for entries now.
- An indication of interest by the corps members through an online business ideas competition administered by BOI (www.boi.ng/gef).
- 4 days intensive entrepreneurship training on generating a business idea, business model, basic financial record keeping and marketing.
- Soft loans for those with enterprises/viable business ideas
The Capacity Building Programme is held at selected NYSC Orientation Camps in each of the six (6) geopolitical zones.
Key Features of GEF Scheme include:
|Obligor Limit||Up to N2.0 million loan|
|Pricing||Interest Rate: 0%|
|Tenor||3 – 5 years|
|Moratorium||6 -12 months from date of Loan Disbursement|
|Security||Security for the facility is a combination of:I. Specific charge over the equipment
II. Lien on the NYSC discharge certificate
III. One (1) external guarantor acceptable to BOI