CONCERN AS ONLY 77 LOAN APPLICATIONS RECEIVED BY YERF


The Eswatini Youth Enterprise Revolving Fund (YERF) has expressed concern following that they received only seventy seven (77) applications from the youth in the country. The loan application period was opened on the 3rd of February 2022 and closed on the 7th of March 2022.Speaking with the Eswatini Broadcasting and Information Services (EBIS), on their breakfast show, the Chief Executive Officer (CEO) of the Fund, Bhekizwe Maziya noted that the number of received applications is not where they would love it be. He, however, stated that he was very pleased with the improvement in the submitted loan applications this year. “From the applications we have received there is an improvement in the completeness of the required documents, which is quite pleasing. We believe that most submitted applications will succeed” he noted.He said they are working extensively hard to ensure that that loan applicants increase by covering all corners of the country. The CEO pointed out that they are working on a number of strategies, such as strengthening partnerships with organizations in the country. One of these partnerships includes, the Fund signing a Memorandum of Understanding (MoU) with Limkokwing University of Creative Technology (LUCT). This partnership is aimed at facilitating capacity building for the youth in their University as well as their graduates to be ready to put together finance ready business plans.Maziya also dismissed rumours that obtaining funding from the Fund was hard. “I have heard people saying getting funding from us is tough, but that is not entirely true. I can assure you that if as an entrepreneur you understand your business and have done the necessary feasibility study, and you submit all the required supporting documents, then you should not have a challenge” he noted.


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