Times Of Swaziland: OVER 35S CAN APPLY FOR YOUTH REVOLVING FUND

OVER 35S CAN APPLY FOR YOUTH REVOLVING FUND
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BY SIBUSISO SHANGE on 11/10/2018 05:32:00


MBABANE – Age will no longer be an obstacle for people who want to benefit
from the Youth Enterprise Revolving Fund (YERF).
The YERF was established with the aim of alleviating poverty through job
creation among the youth under the Ministry of Sport Culture and Youth Affairs.
The good news for the aspiring small businesspeople was announced by the YERF
Chief Executive Officer, Bhekizwe Maziya, during the signing of the Memorandum
of Understanding with the Swaziland Industrial Development Company (SIDC)
yesterday. Maziya said the signed agreement between the two companies meant that
the beneficiaries of the fund would be transferred to the SIDC once they were
above 35 years. The age limit for youth is between 18 and 35 years.
He said this was to ensure that people who missed opportunities due to
unforeseen circumstances continued to access loans to establish and operate
their businesses. Maziya said the YERF forged the relationship, which worked
towards empowering emaswati after availing opportunities to all companies in the
country.
Speaking on behalf of  SIDC, the Chief Executive Officer, Phiwayinkhosi
Ginindza, thanked the YERF for affording them an opportunity to facilitate the
growth of the country’s economy through empowering the youth.
Ginindza said the 30-year-old company, which had created 12 000 jobs in the
country, had not only supported the YERF with money, but also with experts who
would work hand in hand with the entrepreneurs.
“We hope to have a good working relationship as we fight unemployment, which
is high among the youth. We hope our partnership will create more jobs that
would provide employment for the unemployed youth,” he said.
Ginindza said investing in  youth entrepreneurs would help the country come up
with great leaders in the future.