Empowering the younger generation through financial support for enterprise development is a cornerstone of economic growth and innovation. The Youth Enterprise Development Fund Board Direct Funding application serves as a gateway for young entrepreneurs to access capital, crucial for turning their business ideas into reality. This detailed form covers various sections, including the purpose of the loan, the desired amount, and a comfortable repayment period, ensuring that applicants find a plan that aligns with their financial capabilities. It meticulously collects personal details of applicants, such as residence, marital status, educational background, and the dynamics of their household, including spouse and dependants. For businesses, it requires information on the business name, legal structure, directors, and operation details, alongside an assessment of the business's financial health through savings or current account history, credit history, and detailed business plans including profit and loss statements, and balance sheets. Additionally, the form delves into the personal and financial background of guarantors, ensuring they are suitable and capable of fulfilling their role. By requiring an extensive range of information, the form aims to comprehensively assess the applicant's viability for the loan, while also preparing them for the responsibilities it entails. This thorough approach is designed to facilitate the prudent allocation of funds, supporting youth in their entrepreneurial ventures while ensuring the sustainability of the funding initiative.
Question | Answer |
---|---|
Form Name | Youth Fund Form |
Form Length | 5 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 1 min 15 sec |
Other names | national youth empowerment fund application form 2021, national youth empowerment fund application form, youth empowerment fund, national youth empowerment fund 2021 portal |
YOUTH ENTERPRISE DEVELOPMENT FUND BOARD
DIRECT FUNDING
Region: ___________________ County: ________________________Constituency:_____________________
|
Purpose of Loan |
|
|
Loan Amount |
|
|
Repayment period |
Affordable Instalment |
|
||||||
|
|
|
|
|
|
|
|
|
months |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PERSONAL DETAILS 1ST APPLICANT |
|
|
|
|
|
|
|
|
|
|||||
|
Surname |
Other Names |
|
P.O. Box…………………………………….. |
Gender |
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
M |
|
|
|
|
|
|
|
|
|
Phone………………………………………… |
F |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ID/PP Number: |
|
|
Occupation: |
|
|
|
|
Married Single |
Other |
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PIN: |
|
|
Highest Level of Education |
|
|
|
|
|
|
|||||
|
Birth Date: |
|
|
Number of Dependants: |
|
|
|
|
|
|
|||||
|
Spouse Name |
|
|
Spouse ID NO. |
|
|
|
|
Phone |
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Residence:(draw map ) |
|
|
|
|
Name of Your Chief: |
|
Nature of residence |
|
||||||
|
Town/Estate: |
|
District: |
|
|
|
|
Rent |
Own Other |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Division: |
|
Location: |
Phone: |
|
Duration at this residence |
|
||||||||
|
|
Village: |
Name of Assistant Chief: |
|
If rented, |
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
Name of Land Lord |
|
|||
|
|
|
|
|
|
|
Phone: |
|
Phone: |
|
|
||||
|
Do you intend to relocate? |
Yes No |
Do your children attend school? |
Yes No |
|
||||||||||
|
If so, why? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number Attending Schools? |
|
|
|
|
|
|
||
|
Any positions of leadership within the community |
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
PERSONAL DETAILS 2ND APPLICANT |
|
|
|
|
|
|
|
|
|
||||
|
|
Surname |
Other Names |
|
P.O. Box…………………………………….. |
Gender |
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
M |
|
|
|
|
|
|
|
|
|
Phone………………………………………… |
F |
|
|||||
|
|
ID/PP Number: |
|
|
|
Occupation: |
|
|
|
|
|
Married Single |
Other |
|
|
|
|
PIN: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Birth Date: |
|
|
|
Highest Level of Education |
|
|
|
|
|
|
|||
|
|
|
|
|
|
Number of Dependants: |
|
|
|
|
|
|
|||
|
|
Spouse Name |
|
|
|
Spouse ID NO. |
|
|
Phone |
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
Residence:(draw map ) |
|
|
|
|
Name of Your Chief: |
|
|
Nature of residence |
|
||||
|
|
Town/Estate: |
|
District: |
|
|
|
|
|
Rent |
Own Other |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Division: |
|
Location: |
Phone: |
|
|
Duration at this residence |
|
||||||
|
|
|
Village: |
Name of Assistant Chief: |
|
|
If rented, |
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Name of Land Lord |
|
||
|
|
|
|
|
|
|
Phone: |
|
|
Phone: |
|
|
|||
|
|
Do you intend to relocate? |
Yes No |
Do your children attend school? |
Yes No |
|
|||||||||
|
|
If so, why? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number Attending Schools? |
|
|
|
|
|
|
||
|
|
Any positions of leadership within the community |
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BUSINESS DETAILS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Name:
Reg. No.......................................................
Licence No..................................................
Directors:
1.
2.
3.
Description of Business Activity/Products
No. of Years in Operation
Current Location (draw map): |
|
Legal Structure of the Business( copy of |
Premises |
||
|
|
certificates/articles to be attached) |
Rent |
|
|
Address: |
|
Sole Trader |
|
Own |
|
|
|
Partnership |
|
Other |
|
Telephone : |
|
Limited |
|
|
|
|
|
Other |
|
|
|
Duration at this location? |
|
Landlord Name: |
|
|
|
|
|
Telephone Number : |
|
|
|
Do you intend to relocate? |
Yes No |
Number of Paid Employees |
|
|
|
If yes, why? |
|
|
|
||
|
|
|
|
|
|
Other Businesses owned by Applicant/ Spouse
Location of Businesses:
SAVINGS/CURRENT ACCOUNT HISTORY
Bank/Institution ___________________________ Account No:______________________Account Balance___________
Bank/Institution ______________________________ Account No:_________________________ Account Balance___________
(Please provide copies of 6 months certified statements)
REFERENCES: Name, Address and Telephone *
List three or more references, Address & Tel.No. (suppliers, Landlords, peers, etc) |
|
|
Name |
Telephone |
relationship |
1.
2.
3.
CREDIT HISTORY (Prior
Have you ever applied for a loan before? Yes () No (). If yes, please provide details below:
Name of Lender |
|
Date Applied |
|
Amount of Loan |
|
Duration of Loan |
Monthly Instalment |
Amount outstanding |
|
||||
|
______ |
|
|
______ |
|
___ |
|
______ |
|
|
_________________ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
______ |
|
|
______ |
|
_______ |
|
______ |
|
|
___ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
______ |
|
|
______ |
|
_______ |
|
______ |
|
|
___ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
____________________ |
|
_ |
______ |
|
______________ |
|
______ |
|
|
___ |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Do you plan on borrowing any money from; |
|
|
|
|
|
|
|
|||||
Creditors |
|
NGOs |
|
Banks |
|
Family members |
|
Other(specify) |
|
|
||
If yes, please provide terms and purpose. |
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
_____ |
|||
|
|
|
|
|
|
|
|
|
____________ |
|
||
BUSINESS ASSESSMENT |
|
|
|
|
|
|
|
|
|
|||
Major Business Suppliers: (See receipts) |
|
Major Business Markets: (See records/sales books) |
||||||||||
Where do you buy? Who do you buy from? |
|
Where do you sell and who do you sell to? |
||||||||||
How often do you buy? |
|
|
|
How long does it typically take to sell your purchases/ |
||||||||
|
|
|
|
|
|
|
inventory? |
|
|
|
|
|
How much do you buy each time? |
|
|
|
How much do you sell in a typical week? month? |
||||||||
Will this change as a result of the loan? If Yes, how? |
|
Will this change as a result of the loan? If so, how? |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
GROSS PROFIT MARGIN ON BEST SELLING PRODUCTS |
|
|
|
Product |
Selling Price (A) |
Purchase Price/Cost of |
Gross Profit Margin |
|
|
Production (B) |
( |
1. |
|
|
|
2. |
|
|
|
3. |
|
|
|
4. |
|
|
|
Average |
|
|
|
Average Projected on Previous Loan Application |
|
|
BUSINESS MONTHLY PROFIT AND LOSS STATEMENT (business that is subject of loan)
ACTUAL PROFIT AND LOSS |
PROJECTED PROFIT AND LOSS |
|
Sales |
|
Sales |
|
|
|
Cost of Sales/Purchases |
|
Cost of Sales/Purchases |
|
|
|
|
|
Gross Profit |
Gross Profit |
|
|
Rent |
|
Rent |
|
|
|
Utilities (Electricity, Phone, etc.) |
|
Utilities (Electricity, Phone, etc.) |
Transportation |
|
Transportation |
Labour |
|
Labour |
|
|
|
Loan Repayments (Other) |
|
Loan Repayments |
|
|
|
Other |
|
Other |
|
|
|
Monthly Profit/Income
Monthly Profit/Income
BUSINESS BALANCE SHEET (business that is subject of loan)
|
|
|
|
|
|
|
|
|
ASSETS |
|
LIABILITIES & CAPITAL |
|
|
||
|
|
Actual |
Projected |
|
Actual |
Projected |
|
|
SHORT TERM |
|
SHORT TERM |
|
|
||
|
|
|
|
|
|
||
|
Cash (on hand and in Banks) |
|
Creditors (Trade) |
|
|
||
|
|
|
|
|
|
||
|
Debtors |
|
Bank Loans |
|
|
||
|
|
|
|
|
|
|
|
|
Stock |
|
|
|
|
|
|
|
|
|
|
|
|
||
|
LONG TERM |
|
LONG TERM |
|
|
||
|
|
|
|
|
|
||
|
Total Fixed Assets |
|
Bank Loans |
|
|
||
|
|
|
|
|
|
||
|
Other Assets |
|
Other Liabilities |
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL |
|
|
TOTAL
TOTAL
NET HOUSEHOLD BUDGET
MONTHLY INCOME |
|
MONTHLY EXPENSES |
|
||
|
|
|
|
|
|
|
Actual |
Projected |
|
Actual |
Projected |
|
|
|
|
|
|
Borrower (net salary) |
|
|
Housing |
|
|
|
|
|
|
|
|
Spouse (net salary) |
|
|
School Fees (average per |
|
|
|
|
|
month) |
|
|
|
|
|
|
|
|
Business (from above) |
|
|
Transportation/Vehicle |
|
|
|
|
|
|
|
|
Pensions |
|
|
Food |
|
|
|
|
|
|
|
|
Other Businesses |
|
|
Utilities (Phone, Electricity, medical, |
|
|
(Applicant or Spouse) |
|
|
entertainment, etc.) |
|
|
|
|
|
|
|
|
Other Income |
|
|
Other Debt Repayments |
|
|
|
|
|
|
|
|
Total Household Income |
|
|
Total Expenses |
|
|
|
|
|
|
|
|
Net Household Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROPOSED GUARANTORS
Name, address and telephone number/other contact information: |
|
Relationship: |
|||
1. |
|
______ |
_____ |
______ |
____________________________ |
2. |
|
|
|
______ |
____________________________ |
Do any of the proposed guarantors have existing direct/indirect liabilities with the YEDFB? If Yes, what?
SECURITY/COLLATERAL
Kindly list all the Securities, giving a detailed description and Serial Numbers where Applicable. Where holder of security is not an applicant, one of the guarantors must be the holder of security.
DESCRIPTION OF ITEM |
SERIAL NUMBER |
VALUE(KSH) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIQUIDATION VALUE
Other significant personal assets owned not listed as collateral and any liabilities against them:____________
I/We declare that all information provided as part of this application conforms to reality and assume full responsibility for its accuracy. By my signature, I hereby authorise collection of references, from any source whatsoever, concerning my person, conduct and commercial credit. I further authorise the issuance of reports regarding my credit history to Youth Enterprise Development Fund Board and hereby absolve the reporting party of all responsibility.
1st Applicant’s Name ____________________Signature________________________ Date___________________
2nd Applicant’s Name ____________________Signature________________________ Date___________________
YOUTH ENTERPRISE DEVELOPMENT FUND BOARD
GUARANTOR PERSONAL DETAILS
Guarantor Name: ___________ ____________ ___________
ID/PP No_________________
Relationship to Applicant: _______________________________________
Postal Address: ___________ Code: ___________ Phone No: _____________
Residence (draw map):
Town/Estate:___________________ District___________________________________
Division: ________________________ Location: _______________________________
Employment or business: ___________________________________________________
Physical Location: ________________________________________________________
Monthly Income: __________________________________
Attachable Security (Title deed, log book etc) where guarantor is providing security for the loan
No |
Description |
Serial No. |
Estimated |
Discounted |
|
|
|
Value |
Value |
1 |
|
|
|
|
2 |
|
|
|
|
3 |
|
|
|
|
4 |
|
|
|
|
5 |
|
|
|
|
6 |
|
|
|
|
7 |
|
|
|
|
|
|
|
|
|
Signature of Guarantor __________________________Date: ____________________