Connect with us

Career

NYSC Member with a Great Business Idea? Apply for Bank of Industry’s N2 Billion Graduate Entrepreneurship Fund

Published

 on

Graduate Entpreneurship 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.

Program Structure:

  • 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

For more information follow @BOINIGERIA on Instagram and Twitter.

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

——————————————————————————————————————-
Sponsored Content

 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Tangerine Africa

Star Features

css.php