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Bank of industry Increases On-lending Fund For SMEs Under YES Scheme - Business (2) - Nairaland

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Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by emmanuelbrown26: 7:53am On May 05, 2016
adimsmt:




We and our ways of governing, lack of continuity, GEJ government had the program (You Win) which in my mind was one of the best program for our youths, instead of this government expanding it, what did they do, they scraped it with (Yes) that will require the youths that are unemployed to provide collateral and all this requirements. Just wait and see this will boil down to who you know. Unlike (You Win) which was strictly on merit, with your business plan and some credentials. If this government want to help the unemployed youths with this program they most make it easy for them and make sure this are strictly on merit. And as for the collateral, allow them to use their certificates as collateral at least it is better then going to look for someone who will sign for a loan.

Oga boss u made a very sensible point but one ting we ought to understand is that in nigeria we dont believe in continuity, e.g. If Mr President should start from Uncle Jona's program, we will tagg it he has no program of his own, sentiments and ego has really killed us, another e.g. When Mr. President took over there was atleast 20-22hrs power supply in my area, instead of people to applaud govt they rather said is the structures that Uncle Jona put in place before he handed over, later power supply started decreasing to the minimum so who do we blame. Dats our problem
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by val15: 7:56am On May 05, 2016
Ok
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by datopaper(m): 8:16am On May 05, 2016
eugene77:

Yes application does nt need any land cert or collateral. They only need ur NYSC Cert. Once u meet the criterial(age 18-35, u operate ur buz in Naija,etc)then u can apply. YES is different frm other loan schemes of BOI. Its just a special prog targeted at helping the Naija Young entrepreneurs
have u apply
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by Francisca4(f): 8:32am On May 05, 2016
eugene77:

Yes application does nt need any land cert or collateral. They only need ur NYSC Cert. Once u meet the criterial(age 18-35, u operate ur buz in Naija,etc)then u can apply. YES is different frm other loan schemes of BOI. Its just a special prog targeted at helping the Naija Young entrepreneurs
I APPLIED TOO, HAVE YOU RECEIVED ANY RESPONSE FROM THEM, SINCE YOU APPLIED.
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by michodemic(m): 12:09pm On May 05, 2016
adimsmt:

We and our ways of governing, lack of continuity, GEJ government had the program (You Win) which in my mind was one of the best program for our youths, instead of this government expanding it, what did they do, they scraped it with (Yes) that will require the youths that are unemployed to provide collateral and all this requirements. Just wait and see this will boil down to who you know. Unlike (You Win) which was strictly on merit, with your business plan and some credentials. If this government want to help the unemployed youths with this program they most make it easy for them and make sure this are strictly on merit. And as for the collateral, allow them to use their certificates as collateral at least it is better then going to look for someone who will sign for a loan.

I am sorry to tell you that Youwin actually failed because it's a grant and there is no accountability. Some Youwin winners actually used the money for things not intended for so that kind of programme can not be continued. I agree with you that Youwin is a good programme and its a plus to GEJ but lets not forget that this is Nigeria. People take advantage of loopholes here and it's the responsibility of the government to minimize such. YES will be better because it is a loan programme that will be paid back. Beneficiaries will have no choice than to use the money judiciously.
Kind regards.

1 Like

Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by Nobody: 1:45pm On May 05, 2016
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Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by adimsmt: 4:07pm On May 05, 2016
michodemic:


I am sorry to tell you that Youwin actually failed because it's a grant and there is no accountability. Some Youwin winners actually used the money for things not intended for so that kind of programme can not be continued. I agree with you that Youwin is a good programme and its a plus to GEJ but lets not forget that this is Nigeria. People take advantage of loopholes here and it's the responsibility of the government to minimize such. YES will be better because it is a loan programme that will be paid back. Beneficiaries will have no choice than to use the money judiciously.
Kind regards.


I think why it failed was that lack of continuity that has destroyed the developments in our country. Just that GEJ left office and no one care to carry it along, But if this government will modify the YES program like YouWin but the difference being the loan instead of grant and as i said allow them to use their certificates as collateral and with a strong team that will monitors the activities of beneficiaries from the time the loan was given till the time they pay back the loan.
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by Nkenkenyi87: 5:22pm On May 05, 2016
figment232:
nonsense GEJ started this prog give him d credit.......Change my ass
.


GEJ gave grant,but this is a loan with a pay back interest of single digit...I know some one who collected GEJ grant and bought an exotic car and started clubbing every day...but in this case if u were given a loan and u decided to misuse it,then at your own peril because you will know that your certificate is at a risk,then you will think of good ways you will invest that will generate profit and employment.
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by Barbey: 8:34am On May 06, 2016
It is still on till 31st of May!

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Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by Avelo: 10:49am On May 06, 2016
michodemic:


I am sorry to tell you that Youwin actually failed because it's a grant and there is no accountability. Some Youwin winners actually used the money for things not intended for so that kind of programme can not be continued. I agree with you that Youwin is a good programme and its a plus to GEJ but lets not forget that this is Nigeria. People take advantage of loopholes here and it's the responsibility of the government to minimize such. YES will be better because it is a loan programme that will be paid back. Beneficiaries will have no choice than to use the money judiciously.
Kind regards.
. To say youwin failed and lacks accountability is the biggest lie. Stick to what you know, am an awardee and with a printing press in onitsha with more than 10 regular employees not to talk of adhoc staff. All this wont have been possible without Youwin. I know several other awardees doing even better. saying it lacks accountability do u even know the milestones u have to meet before u can assess the fund or u think once u re a named a winner u recive the said money. Please criticise and stick with what you know.

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Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by shesAgem: 8:32pm On May 29, 2016
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by Nobody: 10:28pm On Jun 12, 2016
Call my number so we can discuss better. Thanks.

GrammarNazi:


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I want to register my business name ASAP.
Where're you based? I'm in Ogbomosho at the moment.
How much will everything cost me if I'm employing your services?

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Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by KomonSense: 11:21am On Sep 15, 2016
eugene77:

Yes application does nt need any land cert or collateral. They only need ur NYSC Cert. Once u meet the criterial(age 18-35, u operate ur buz in Naija,etc)then u can apply. YES is different frm other loan schemes of BOI. Its just a special prog targeted at helping the Naija Young entrepreneurs

How sure are you? Have you benefited from the program or do you know anybody working in BoI YES Programme?

Please reply if U're sure. I need to know more about this

Thanks
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by KomonSense: 11:26am On Sep 15, 2016
Francisca4:
I APPLIED TOO, HAVE YOU RECEIVED ANY RESPONSE FROM THEM, SINCE YOU APPLIED.
Were you selected for the BoI YES-Program? I heard that they are at the in-class training stage now...

Please reply
Re: Bank of industry Increases On-lending Fund For SMEs Under YES Scheme by DeConsultant: 8:14pm On Mar 10, 2017
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