• Are you a graduate?
• Do you have a viable business idea?
• Do you already have a small exisiting business?
• Are you ready to take charge of your financial future?

If you answered yes to this questions, Enterprise Graduate Empowerment Scheme is for YOU! (EGES)

APPLICATION METHOD

1. DOWNLOAD, FILL AND SUBMIT APPLICATION FORM

2. DOWNLOAD, FILL AND SUBMIT BUSINESS PROPOSAL PLAN

TERMS AND CONDITIONS

• Selection for this scheme is strictly based on the decision of the selection panel and independent of the entrepreneurship training
• This facility is an unsecured term loan to bridge funding gaps of SMEs’ owned by fresh University and Polytechnic Graduates) that provide non-cyclical products & services
• The product is targeted at business owned by graduates of universities and polytechnics who have completed the mandatory national youth service and are unemployed
• This scheme is limited to young and budding SME’s in the embryonic stage of their business life cycle
• Your specic business/proposed start-up must have been certied by both our strategic partners and your tertiary institution, before selection will be considered
• Qualied start-up businesses include but are not limited to; Trading; Service & Manufacturing of Consumer staples; Health care & health related business; Utilities; leather products; laundry services; fashion; beauty & grooming Services etc
• You will be required to make up 30% of your required capital
• Enterprise Bank, upon the applicant meeting all necessary criteria, will fund 70% of applicant’s start-up capital
• The loan tenure for this scheme does NOT exceed two years
• The beneciary must have opened an Enterprise Graduate Empowerment Savings Scheme (EGESS) account
• Evidence of having successfully undergone entrepreneurial developmental courses in the university/Polytechnic (where applicable) and certication by any of the Bank’s strategic partner for this scheme, must be presented for consideration.
• Business proposal must be certied as satisfactory by strategic partner and the Bank’s review panel for the scheme.
• This facility shall be accessible to University and Polytechnic graduates who graduated not more than 5 years ago

DOCUMENTATION

The following documentation will be required from interested participants for eligibility:

• Duly accepted offer letter for the facility
• Duly executed SME application form
• Irrevocable letter of undertaking to domicile all proceeds to Enterprise Bank
• Request letter
• Key man insurance by EBL appointed insurance company
• Satisfactory credit bureau report
• Satisfactory conrmation of Applicant’s Degree certicate
• 6 months statement of account where applicable
• Customer asset report where applicable- this report shows a summary of the discounted value of the customers asset and liability
• Letter of undertaking not to secure additional facility from any other bank without the written consent of Enterprise Bank

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