CYES access procedures 1. C-Yes Rausha loan This is a constituency - TopicsExpress



          

CYES access procedures 1. C-Yes Rausha loan This is a constituency based loan that targets new group projects. It is intended to start off youth who are venturing into business. Features of the loan Maximum amount of loan is Ksh. 50,000 The loan attracts no interest but will include 5% management fee Payment of the loan commences after 3 months grace period Payment of the loan is made in twelve (12) equal installments. The applying group must: Be registered with the relevant government body. At least 70% youth membership (18-34 years) and the leadership should be 100% youth Must have a valid group registration certificate A clearly outlined business project proposal The group loan applicants submit completed loan proposal forms 2. C-Yes Inua Loan This is a constituency based loan intended to finance RUNNING GROUP projects and therefore for EXPANSION purposes only. Features of the loan 1st loan maximum amount is Ksh. 100,000 payable in 12 months 2nd loan is Kshs.200,000 payable in 18 months 3rd Loan is Kshs. 400 000 payable in 24 months The loan attracts no interest but will include 5% management fee Payment of the loan commences after 2 months grace period The applying group must: Have cleared C-YES Rausha Have a good credit history from other lending institutions Have a running business Be registered with the relevant government body Group membership must not be less than 10 The Membership composition must be at least 70% youth (18-34 years), and the leadership 100% youth Must have a valid group registration certificate A clearly outlined business project proposal to expand or to diverse 3. C-Yes Special loan This loan targets youth groups carrying out special business projects whose proceeds are generated on periodical or pre-determined irregular periods. Features of the loan Maximum amount for startups is Ksh. 50,000 payable within 1 year Maximum amount for those expanding business is Ksh. 100,000 payable in 12 months 2nd loan is Kshs. 200,000 payable in 18 months 3rd loan is Kshs. 400,000 payable in 24 months The loan attracts no interest but will include 5% management fee The payment of the loan commences after the applicable grace period Payments are quarterly, half yearly bullet payments. The applying group must: Be registered with the relevant government body Group membership must not be less than 10. The Membership composition must be at least 70% youth (18-34 years), and the leadership 100% youth. Must have a valid group registration certificate A clearly outlined business project proposal The group loan applicants submit completed loan proposal forms.
Posted on: Mon, 17 Jun 2013 14:44:22 +0000

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