Youth Enterprise Revolving Fund - Products
1Standard Loan Requirements
- Certified copy of ID
- Certified copy of Certificate of Incorporation (for a registered company)
- Certified copy of Form J
- Certified copy of Memorandum & Articles of Association
- Premises / Land right (Chief’s Letter, Title Deed, Lease Agreement, etc.)
- Business Plan (Include relevant CV)
- Market Contract/Letter of intent as proof of market
- Trading Licenses (where applicable)
- Only relevant requirements shall be attached by the applicants i.e. not all the above requirements are applicable to all applications.
2Lending Limits
- Individuals - E5,000.00 to E50,000.00
- Companies - E5,000.00 to E100,000.00
- Cooperatives - E5,000.00 to E150,000.00
3Term of Loans
- Seasonal term - 12 Months
- Short term - 24 Months
- Medium term - 36 Months
1Order Finance Requirements
- Memorandum & articles of association (for companies & coops)
- A completed loan application form
- Cash flow projections.
- A Purchase Order or contract document
- Lease agreement / proof of premises ownership
- Certificate of incorporation (for companies & coops)
- Form J (for companies)
- Trading license
- Certified I.D. copy
- Company’s resolution to borrow
- Proof of physical address
- Bankers (account number and branch)
- Bank statement for at least 3 months (for existing businesses)
2Lending Limits
- Sole Traders - E80,000.00
- Companies - E150,000.00
- Cooperatives - E200,000.00
3Term of Loans
- Repayment Period: - 3 – 6 Months (once-off)
- Interest rate: - Prime +4%
- Security: - The Confirmed Order
- Own Contribution: - Zero
1MTN YERF Khula Natsi Requirements
- Certified copies of ID (compulsory)
- Certified copy of certificate of incorporate(companies)
- Certified copy of form J (companies)
- Certified copy of Memorandum & Articles of Association (companies)
- Land right (Chief’s Letter, Title deed, Lease Agreement) (compulsory)
- Business Plan (with cashflow Projections – 3 years) (compulsory)
- Market Contracts/Letters of intent/Market Analysis (compulsory)
- Trading License (compulsory)
- 3 Quotations of each input or service (compulsory)
- Proof of availability of technical expertise (CV) (compulsory)
- Bank Statement / Business Financial Records(compulsory)
2Lending Limits
Under this program, the minimum loan size shall be E5,000.00 (Five Thousand Emalangeni) while the maximum loan size shall be E30,000.00 (Thirty Thousand Emalangeni).
3Term of Loans
The business loans shall be payable over a maximum 24 months’ period.
YERF Statistics From 2018 Up-to October 2024
21.1
Million Emalangeni Approved Loans
58.2
(%) Youth Unemployment Rate As Of 2023
404
Number Of Financed Businesses
254
Number of Male Beneficiaries Funded
150
Number of Female Beneficiaries Funded
YERF Funded Businesses by Region
95
Hhohho Region
149
Manzini Region
69
Shiselweni Region
91
Lubombo Region
Entrepreneurship Toolkit
Businesses We Have Funded
Our Partners
Contact Us
- Lilunga House, 4th Floor,
Somhlolo Road,
Mbabane,
Eswatini