Young Entrepreneurs and Startups Support Fund
YESS FUND
A fund by entrepreneurs for entrepreneurs
About YESS Fund
A fund by entrepreneurs for entrepreneurs
YESS Fund is an entrepreneur-to-entrepreneur (peer-to-peer) revolving fund utilizing innovative methods to create a pool of funds from amongst its members for its members.
With Administrative support from the Ghana Chamber of Young Entrepreneurs (GCYE), The fund is set up and controlled by young entrepreneurs using a Bank of Ghana third-party-approved mobile App called Chango.
In September 2023, YESS fund received a capital injection of 3 million cedis from the European Union through SNV Ghana’s GrEEn project.
Why Join YESS Fund
Access to cheap interest loans
Members can assess loans at a very cheap interest. As cheap as 12% per Anum
Emergency Loans
Members have access to quick loans to support their businesses’ day-to-day running.
Free B2B facilitation
Members have access to other certified members for business to business purposes.
Purchase Order Support
Members can request the procurement of any business asset.
Emergency Travel Support
Members can request a purchase of Bus or Flight Tickets for a One-Way Trip or Round-Trip.
Free Legal & Business Advisory
Members have access to a pool of Business development experts and Legal practitioners ready to offer them any advice.
Frequently Asked Questions
What is YESS Fund?
The YESS Fund is a platform created by Ghanaian young entrepreneurs where they can contribute to and borrow from
Who can sign up to YESS Fund?
Entrepreneurs with existing businesses, potential entrepreneurs.
How do I join YESS Fund
To join, follow the steps below:
- On the Home Page, click on the Register button.
- Fill in the membership form.
- Read the Terms and Conditions and check the box to agree, and then submit
- Proceed to pay your registration fee, and you are good to go.
What are a Membership Fees?
Membership Fees is a non-refundable payment made by a member upon signing up to the YESS Fund community.
Why do I have to pay the non-refundable Membership Fees?
The Membership Fees completes your sign-up process and confirms that you have become a member. This non-refundable tangible amount serves as a bond on the platform in terms of your behavior and transactions.
How do I fund my YESS Fund account?
Your YESS Fund account is funded weekly by you thought the chango app.
What is MCP
MCP stands for Member Contribution PIN. This is the unique identification number of each Member issued after signing up on the platform. It is used for transactions on the platform and to second other members loan applications. It will also be required to access other benefits on the platform
Can I have multiple YESS Fund accounts?
Yes. Your savings power and objectives determine the number of accounts you choose to open. You will be provided with different MCPs for each of the accounts.
Do I get interest on my savings?
YESS Fund is a non-interest platform.
How do I renew the non-refundable Annual Membership Fees?
The Annual Membership fee can be renewed by automatic deduction from your total contribution or manual payment by the member.