The Bank of industry as we all know is a financial institution set to encourage industrial production and value creation of manufacturing products, it also helps Micro, Small and Medium Enterprise develop their businesses and promote their brands.
Asides the MSMEs (Micro,Small and Medium Enterprise) programme, the BOI also Organized the YES-P (Youth Entrepreneurship Support Programme). This programme is an 8 weeks intensive online entrepreneurship and business management training dedicated to help youth from age 18-35years that have viable business ideas that needs expansion.
According to a fish Farmer, Ibrahim Umar of Maijeddah fish farm, he said in his short address that the Bank Of Industry gave to his business a #2,000,000(2million) loan to get everything necesaary for the growth of his business.
He said “BOI gave me this cash for the development of my business so I won’t run out of business after the 8weeks intensive programme”. He also make us understand that the loan collateral and interest rate is flexible.
As an entrepreneur who have an existing brand, you can also apply for YES-P (Youth Entrepreneurship Support Programme), on www.boi.com/yes-p or www.utibeetim.com.