MEDA Blog - Stories from the Field

Yes to YEBSP! A Cycle 2 Update

cycle2winnersEager entrepreneurs receiving their YEBSP grantsIn August 2017, MEDA and Cuso International finalized another successful cycle of the Youth Entrepreneurship Business Support Plan (YEBSP) as part of the YouLead (Youth Leadership, Entrepreneurship, Access and Development) project. YouLead’s overall goal is to enhance sustainable economic prosperity for 7,000 young people who reside in 18 Local Government Areas situated in Nigeria’s Cross River State. The YEBSP grants are just one of the many activities designed to achieve this goal.

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A Business Plan Competition for Young Entrepreneurs – YouLead’s Youth Entrepreneurship Business Support Plan

YEBSP Blog
Fishery Start-Up: Ellah Friday in front of his two earthen ponds
Lilian Wayas of Obudu, stands in front of her two plots of land. Her start-up business is called ‘LilyBest Casava’

MEDA is currently partnering with Cuso International in Nigeria on the Youth Leadership, Entrepreneurship, Access and Development (YouLead) project. The Youth Entrepreneurship Business Support Plan (YEBSP) is one of the many activities aimed at improving access to finance for young entrepreneurs. The YEBSP has been designed and administered as a business plan competition for youth, between the ages of 18-35, who have completed or are currently enrolled in YouLead’s entrepreneurship training program. The YEBSP is meant to kick-start youth-led businesses in the natural resources sector with funds ranging from 100,000 to 300,000 naira (approximately CAD$400 -$1200).

The first and pilot phase of the YEBSP was launched in April 2016 and the results were recently announced on August 9, 2016 [1], after a long process of selection and verification.

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Another development buzz word: Apiculture

Beekeeper 06

Often in developing countries, rural women and youth have unequal access to and control over critical resources and inputs that are required to start-up and maintain a business, such as land, savings, information sources, training, etc. As such, identifying low-cost income generating activities for women and youth has been a hallmark of MEDA’s economic development projects.

In Nigeria, MEDA is currently partnering with Cuso International to improve financial inclusion for youth in Cross River State (CRS). The project is titled Youth Leadership, Entrepreneurship, Access and Development (YouLead) and it has just released its first phase of funding to winning applicants of its Youth Entrepreneurship Business Support Plan (YEBSP) competition. (1)

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Assessing micro-finance institutions in Cross River State

YouLead Blog 2 Picture

This blog is an update on the previous entry on the Financial Inclusion for Nigerian Youth, dated February 9, 2015.

MEDA is partnering with Cuso International to improve financial inclusion for youth in Nigeria. The project titled Youth Leadership, Entrepreneurship, Access and Development (YouLead) works with young women and men in Cross River State, Nigeria.

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