Top Banks Set To Partner With FUND YES
ENUGU – Top commercial banks are set to partner with FUND YES, a business financing intervention programme for the support of youth and women entrepreneurs in Africa.
This was disclosed by Comrade Kennedy Iyere, a renowned humanitarian activist and founder of FUND YES project.
It was reported that On Tuesday 8th August, 2023; “FUND-YES” was officially launched to serve as a multifaceted entrepreneurship financing programme for youths and women in Nigeria and Africa.
It is a project anchored by Youths Off The Street Initiative (YOTSI), a non-governmental organization (NGO) founded and chaired by Conrade Kennedy Iyere, a renowned humanitarian activist and high-profile social entrepreneur.
Iyere said top banks including Union Bank, Fidelity Bank, First Bank and United Bank For Africa (UBA) are set to partner with “FUND-YES” adding that two more banks are also willing and ready to join the above list of partnering banks.
Iyere said that “FUND-YES” will generate its funds through four key sources and these include Grants, Equity Crowdfunding, Business Loans and Impact Investment.
According to Iyere, “the entrepreneurship financing programme will take off with 250,000 beneficiaries and then 750,000, which means a total of One Million Beneficiaries for a start.
“The mass sensitization and mobilization of potential beneficiaries for their registration and recruitment will commence by Monday 20th August, 2023. That is the same time the online registration portal shall be made available. Everyone who is registered as a prospective beneficiary will be required to open a personal bank account with one of the above-named banks, which are the “partner banks”.
Iyere advises youths and women to take advantage of the golden opportunity.
It could be recalled that official unveiling of “FUND-YES” was conducted at Merit House in Abuja by Comrade Kennedth Robinson, who is the National Organizing Secretary of Pan Niger Delta Forum (PANDEF) and also the Spokeaperson of the Southern and Middle Belt Leaders Forum( SMBLF). The unveiling of “FUND-YES” attracted a large gathering of different interest groups comprising youth organizations, cooperative societies, NGOs, CSOs, FBOs, bankers, religious leaders and business organizations.
Comrade Kennedy Iyere, who is a top Philanthropreneur, said he was prompted to create “FUND-YES” out of the existing urgency to address the worrisome factors of high youth unemployment and extreme household economic poverty in Nigeria, as well as the social and economic security threats that associate with these factors. “With extreme poverty deepening on daily basis and the gap of youth unemployment widening on daily basis, Nigeria is fast drifting towards political collapse, if these factors are not addressed, as a matter of critical social and economic emergency.
“Nigeria is sitting on a Keg of Gunpowder because angry and frustrated youths will sooner than later hijack the country and push Nigeria to a point of political disintegration,” he said
Iyere said that “FUND-YES” will create and provide a flexible platform for youths and women to access business financing for their entrepreneurial ventures, especially those who have business interest in the sectors of agriculture, technology and entertainment. According to him, “FUND-YES” will exist and provide a social and economic vehicle for mass employment generation, wealth creation and poverty eradication among youths and women through multisectoral entrepreneurships.
Independent.ng
