Punch Newspapers·3 min read·medium
How to Apply for FG's YOUTHCRED Loan for Entrepreneurs
O
Olugbenga Ige
✦AI Summary
The Nigerian government has launched the YOUTHCRED initiative to provide collateral-free loans ranging from N200,000 to N2 million to young entrepreneurs. The program aims to improve financial inclusion for business owners aged 18 to 35.
Why it matters
This initiative addresses the significant barrier of collateral requirements that often prevents young entrepreneurs in developing economies from accessing capital.
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