Got A Business Plan? Apply For The FCMB YEDP To Get Support

Apply For The FCMB YEDP To Get Support
There is a good news for Entrepreneurs between the ages of 18 to 14 as FCMB just launched a program for supporting them.
The Youth Entrepreneurship Development Programme (YEDP) started by the First City Monument Bank in partnership with the Abia State Government with the major goal of empowering Nigerian youths. According to a press release on the bank's official website, the purpose of these new development is to provide financial and other technical support to existing and potential owners of small-to-medium enterprises (SME) in the State under the YED Programme.


Ability to obtain loan from the bank. Individuals are eligible to obtain upto N3 million while group projects jointly owned by 3 to 5 qualified beneficiaries can access up to N10million.
The loans are payable in three years at an interest rate of 9 percent.


- You must be between 18 and 34 years of age.
- You must be a NYSC member or non-NYSC member (but not more than 5 years post-NYSC).
- You must possess a verifiable tertiary institution certificate.
- Artisans shall possess School Leaving Certificate or Technical Certificate or approved Proficiency Certificate from NBTE (whichever is applicable).

 Industries That Can Apply

- Agricultural Value Chain (fish farming, poultry, snail farming, etc.)
- Cottage Industry

- Creative Industry (Tourism, Arts and Crafts)
- Information and Communications Technology (ICT)
- Mining and Solid minerals
...any other activity that may be determined by the CBN from time to time

How To Apply

Application is very easy and done online. All you have to do is:
- Visit the official website yedp.fcmb.com
Create an account
- Fill the forms
-  Get the loan if you are eligible
Enter Now
You can find out more about it on the official website fcmb.com.
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