What is C-Yes loan? and how to apply for it

cyes rauinuspe loan

LOAN NAME: C-Yes

PARENT FUND: Youth Enterprise Development Fund

FOUNDED: 2006

RAUSHA

PURPOSE: Start off youth who are venturing into business.

ELIGIBILITY:

– Must be registered with a relevant government body.

– Membership composition must be at least 70% youth.

– Possess a valid group registration certificate.

– Possess a business project proposal.

MINIMUM LOAN AMOUNT:

MAXIMUM LOAN AMOUNT: shs 50,000

INTEREST RATE: None

PROCESSING FEE: 5%

GRACE PERIOD: 3 months

PAYMENT DURATION: 12 months

INUA

PURPOSE: -Financing business expansion

ELIGIBILITY:

-must have cleared the Rausha loan.

-must have a running business.

-possess a good credit history.

-must be registered with a relevant government body.

-membership composition must be at least 70% youth.

-must possess a valid group registration certificate.

-must possess a business project proposal.

MINIMUM LOAN AMOUNT: shs 100,000

MAXIMUM LOAN AMOUNT:

– 1st loan ( shs 100,000 )

– 2nd loan ( shs. 200,000 )

– 3rd loan ( shs. 400,000 )

INTEREST RATE: None

PROCESSING FEE: 5%

GRACE PERIOD: 2 months

PAYMENT DURATION

– 1st loan ( 12 months )

– 2nd loan ( 18 months )

– 3rd loan ( 24 months )

SPECIAL

PURPOSE: For youth undertaking special business projects whose proceeds are generated on periodical or pre-determined irregular periods.

ELIGIBILITY:

-must be registered with a relevant government body.

-group membership must not be less than 10.

-membership composition must be at least 70% youth.

-must possess a valid group registration certificate.

-possess a business project proposal

MINIMUM LOAN AMOUNT:

MAXIMUM LOAN AMOUNT:

– 1st loan

  • Start ups ( shs. 50,000 )

  • Expanding (shs. 100,000 )

– 2nd loan ( shs. 200,000 )

– 3rd loan ( shs. 400,000 )

INTEREST RATE: None

PROCESSING FEE: 5%

GRACE PERIOD:

PAYMENT DURATION

– 1st loan

  • Start ups ( 12 months )

  • Expanding ( 12 months )

– 2nd loan ( 18 months )

– 3rd loan ( 24 months )

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s