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Application Deadline: September 20, 2024
Applications are now open for the 2024/2025 Botswana Youth Development Fund. The Youth Development Fund (YDF) is a socio-economic programme for start-ups and expanding businesses. YDF was introduced in the financial year 2009/10 as an economic empowerment programme meant to assist aspiring youth to venture into various economic enterprises funded at 50% loan & 50% grant. MYSC works in collaboration with other stakeholders such as Local Enterprise Authority to build the spirit of entrepreneurship and other government ministries and parastatals who offer technical support.
Eligibility Requirements
- Botswana citizens aged 18-35 years
- Out-of-school youth
- Unemployed youth
- Underemployed youth earning less than P2 500/month
- Youth cooperatives comprising of 5-10 members
- Existing youth businesses: self-funded and funded through other government schemes such as LIMID, Poverty Eradication, Out of school youth grant whose businesses have operated for 6 months and above
Supporting Documents
- A cash-flow forecast statement covering all revenue and expenditure for a period of 12 months
- Two (2) sets of quotations covering all items included in the proposed budget
- A copy of valid license of operation (where applicable)
- Certified copies of valid national identity document (Omang) for all business partners
- A letter of intent to lease or lease agreement in cases of operating businesses or proof of
ownership thereof - Curriculum Vitae of all members/partners
- Certified copies of vocational and or academic certificates or traceable references
(where applicable) - Copy of partnership deed, or cooperative constitution, or memorandum and articles of
association (where applicable) - Company resolutions for loan application
- Succession plan
- Certificates of business registration and shareholder’s certificate should show full details (i.e.
names and ages) of members. (Form 2 & 5 listing Company Directors) - Certified copies of parents/guardians/spouse’s national identity card (Omang)
- Proof of market (letters of intent to buy from potential customers, market research report)
- The expert consultation form should be part of the YDF form as a guide to youth to consult with the relevant experts that are in line with their proposed projects (where applicable)
- For married applicants (in community of property) there should be written consent from the
spouse - ITC clearance report upon approval and this should be provided by the applicant
- Applicants to provide documents confirming suitability of the proposed project site
For More Information:
Visit the Official Webpage of the Botswana Youth Development Fund
