Bank of Industry (BOI) Fresh Graduate Entrepreneurship Fund (GEF) 2016

About Graduate Entrepreneurship Fund (GEF)
The Graduate Entrepreneurship Fund (GEF) is a special N2 billion empowerment programme for serving members of the National Youth Service Corps (NYSC) which was launched on October 5, 2015. This novel schemes which is a joint initiative of the Bank of Industry (BOI) and the National Youth Service Corps (NYSC), has the following objectives:

• Encourage graduates of tertiary institutions currently undergoing the compulsory one-year NYSC programme, to venture into business and become employers of labour rather than job seekers.
• Address the entrepreneurship capacity gap to the NYSC members who are expected to produce bankable business plans after the three-day capacity building programme.
• Deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans ranging between N500,000 and N2 million to be provided by BOI
• Ensure sustainability of the businesses of the eventual loan beneficiaries through effective monitoring by the NYSC Directorate and BOI.

Call for Entries - 2nd Round of the BOI Graduate Entrepreneurship Fund (GEF)

The Bank of Industry Limited (BOI) invite applications from all serving Corps Members with a potentially viable business ideals to apply for a loan under the N2 billion Graduate Entrepreneurship Fund (GEF) Programme.

The GEF Programme comprises the following:

• Online Business Plan Competition to select the most promising real sector business ideas, Selection/screening of participants shall be done via the GEF online application portal.
• Three days intensive entrepreneurship capacity building programme
• Loan amount of up to N2 million to be provided to each successful participant with bankable business plans within BOI's 35 SME clusters (list at BOI’s website: www.boi.ng) at an interest rate of 9% per annum, with tenors ranging from 3-5 years inclusive of 6 - 12 months moratorium period.

Venues for Capacity Building Programme
The capacity building programme is scheduled to hold simultaneously at the following venues:

Geo-Political Zone/State - NYSC Camp Location

Lagos
Iyana Ipaja,
Agege,
Lagos State.

Abuja
Kubwa,
Bwari Area Council,
FCT, Abuja.

North - Central
Mangu,
Mangu LGA.
Plateau State.

North-East
Sibre Airport Road,
Jalingo,
Taraba State.

North-West
Youth Multi-Purpose Centre
Mani  Road,
Katsina State.

South-East
Macgregor College,
Afikpo LGA,
Ebonyi State.

South-South
Former Martins TTC,
Issele-Uku,
Aniocha North L.G.A,
Delta State.

South-South
Ikot Itie Udung,
Nsit Atai LGA,
Akwa Ibom State

South-West
Aisu College Hospital Road,
Ede,
Ede North LGA,
Osun State.

The GEF Programme Comprises the Following:

• Submission of Business plan online via: www.boi.ng/gef
• 4 days intensive Entrepreneurship Capability Building Programme will hold at the centers listed above.
• Loan amount of up to N2 million to be provided to each successful participants at: Interest Rate, 9% Tenor: 3-5 years, Moratorium: 6-12 Months.

Application Closing Date
7th November, 2016.

How to Apply
Interested and qualified candidates should:
Click here to apply online