Home – Youth Enterprise Revolving Fund

Fezile Hlophe

Agri-business

YERF Beneficiary

I received a loan of E50 000 from YERF to buy 350 seedlings of fruit trees, which are banana and avocado. Thanks to the fund, I am now able to manage a greater number of trees, which has resulted in a higher level of production for me. I am now supplying larger quantities to the market."

Beneficiaries

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REGION:
Manzini
INKHUNDLA: Ntotozi

LOAN
RECEIVED:
E50 00.00

Mhlangano Matsebula

Services - MoMo

YERF Beneficiary

I received a loan of E15 000 from YERF, which I used to buy more units for my Mobile Money business. This fund has improved my business. I used to operate in the open, but now I have built a special shop that protects me from harsh weather conditions. I have added other products to sell to attract more customers. "

Beneficiaries

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REGION:
Manzini
INKHUNDLA: Kwaluseni

LOAN
RECEIVED:
E15 00.00

Nkosingphile Gumedze

Retail - Farm Inputs

YERF Beneficiary

I received a loan of E100 000, the funds were used to start the business, I procured stock which was pesticides, insecticides and PPE. The fund has helped me to start and grow my business. In the long run, we aim to diversify and provide additional services, including replanting sugar cane and hiring tractors."

Beneficiaries

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REGION:
Lubombo
INKHUNDLA: Mhlume

LOAN
RECEIVED:
E100 00.00

Nkosingphile Mthembu

Services- MoMo

YERF Beneficiary

I received a loan of E20, 000 from YERF, and I appreciate that YERF is empowering many young entrepreneurs in Eswatini. By using the loan to buy additional units for my MoMo business, I can confidently say that my business has improved since then, as I can now serve more customers. My goal is to have my MoMo business decentralized in the long term."

Beneficiaries

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REGION:
Lubombo
INKHUNDLA: Dvokodvweni

LOAN
RECEIVED:
E20 000.00

Fezile Hlophe

Nkosingphile Mthembu

Nkosingphile Gumedze

Mhlangano Matsebula

Agriculture

Retail

Youth Enterprise Revolving Fund

Promoting youth employment and alleviate poverty among young people between the ages of 18 to 35 years old.

YERF is a business support mechanism established for youth between the ages of 18 – 35 years, aimed at contributing to the reduction of youth unemployment through the provision of business capital for qualifying individuals, associations and companies.

Our Mission

To Provide Development Finance and Support to Eswatini’s Youth, Thus Fostering Their Inclusive Economic Participation Through Innovative, Accessible, and Sustainable Entrepreneurship Development.

Our Vision

To be a Leading and Innovative Economically Empowering Financial Institution for the Youth in Eswatini.

Sibonginkhosi Johnson

Agri-business

YERF Beneficiary

"Make sure you take advantage of your environment and the resources you have at your disposal because the agri-business is not for everyone but if you know exactly what you are getting into then you will find it to be a lucrative industry. "

Beneficiaries

Business type:
Feedlot

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Business name:
SJ Unlimited
Investment

Applied:
May 2020
(Cycle 6)

Thabile Nsibandze

Sibonginkhosi Johnson

Mfanawenkhosi Sifundza

Phumzile Nyuwane

Construction

ICT

Youth Enterprise Revolving Fund