1. E- YES Smart

This is a constituency based loan targeting individual enterprises belonging to a group. It targets youth intending to start or expand own businesses.

Features of the loan:

The product will be available to individuals belonging to a group

The group must have paid the C-YES Rausha or C-YES Inua laons

• A maximum of 50% of the group members shall borrow at any particular time. Subsequent funding to the next batch of members is after first loan has been serviced satisfactorily.
• 1^st loan to a member is Kshs. 25,000.00 payable in 6 months
• 2^nd loand to a member is Kshs. 50 000.00 payable in 12 months
• 3^rd loan to a member is Kshs. 100,000.00 payable in 18 months
• There is a grace period of 2 months for the 1^st loan, to allow business establishment

The applying individual must:

• Be a member of and recommended by a group of at least 10 members.
• The group must be registered with the relevant government body.
• Group Membership must be at least 70% youth (18-34 years), and the leadership 100% youth.
• Applicant must be appraised and recommended by the group members, EDA and ultimately District YEDFC.
• At least 75% of the group members must, on behalf of the group, guarantee the applicant’s loan.
• Minutes of the group indicating authority to borrow and guarantee the loan and of the vetting Committee sanctioning the application must be attached as part of the application documentation
• The group must undergo a basic training in Business development and entrepreneurship before applying for the loan facilitated by the Fund.