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Youth

Launch of FUND-YES: A Business Financing Intervention for Youth and Women Entrepreneurs in Africa

Strategic Insights

— 1 min read

Comrade Kennedy Iyere, Africa's foremost humanitarian activist and philanthropist, has introduced a business financing program for youth and women entrepreneurs in Africa, dubbed FUND-YES. The program aims to create economic opportunities for millions of unemployed youths and women by providing flexible business financing options. The launch of FUND-YES was attended by top business leaders, bankers, NGO Executives, and other stakeholders. Comrade Iyere emphasized the need for entrepreneurship as a solution to Nigeria's chronic youth unemployment, high youth crime, and security risks.

Key Takeaways:

  • FUND-YES is a business financing program and enterprise development fund created to empower youth and women entrepreneurs across Africa.
  • The program is a joint initiative of Youths Off The Street Initiative (YOTSI) in response to the need to lift millions of youths and women out of unemployment and poverty.
  • FUND-YES provides flexible business financing opportunities for youths and women to engage in various entrepreneurship ventures and become owners of their own businesses.
  • The program targets millions of unemployed youths and women across Africa, with a focus on providing financial assistance to enable them to start or grow their businesses.
  • Comrade Iyere assured that the first beneficiary of FUND-YES, Ndandok Limaro Thomas, will receive an enterprise grant of TEN MILLION NAIRA (N10,000,000) once she has completed her apprenticeship within the next Six Months.
  • FUND-YES is an integrated business financing program that provides equal benefits to both youths and women, with the goal of mitigating youth crime and empowering women to reinforce household economic security.

Statistics:

  • FUND-YES aims to support millions of unemployed youths and women across Africa.
  • The program has set a target to recruit and support youth and women entrepreneurs within the month of August 2023.
  • The first beneficiary of FUND-YES, Ndandok Limaro Thomas, received an enterprise grant of ONE MILLION NAIRA (N1,000,000) as seed capital for her entrepreneurial venture.
  • Comrade Iyere has assured that Ndandok will receive a total of TEN MILLION NAIRA (N10,000,000) once she completes her apprenticeship within the next Six Months.

Sources:

  • [FUND-YES Launch Details from a Press Release]
  • [Extracted Information from the Original Text]

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