Mbabane: The Youth Enterprise Revolving Fund (YERF) has made a sixth call for loan applications from the country’s youth.
The application process is opened from October 14, and will close on November 13, 2020.
A “call for applications” statement released by YERF states that they were inviting the youth aged between 18-35 years to apply for the loans as this would assist in giving their dreams a head-start.
This is a second call in 2020, the call for applications is usually made on a quarterly bases but this year due to the covid-19 pandemic the cycle was disturbed.
Applicants are expected to fill application forms which are obtained form the YERF offices, Tinkhundla Centres, Eswatini National youth council, junior achievements, ENACTUS , IDCE, and SEDCO.
After applications there would be a loan appraisal process to serve as a pre-screening session by YERF to ensure compliance, eligibility and feasibility followed by a pitch up for qualifying applicants to present their business proposals.
“The qualifying applications will then be referred to the Intermediary for viability analysis, including site visits and then viable applications will be recommended to YERF by the intermediary, where the board of directors will approve projects deserving funding.
“Feedback will be sent to applicants and those that are not successful shall be given reasons for non-approval and they will be assisted to improve them and re-submit in the next cycle.”
The successful applicants would undergo intense business training.