The Youth Entrepreneurship Program is the flagship program of the NYC. It is designed to coordinate all youth-related entrepreneurship activities. The program recognizes the need to continuously develop and maintain a strong entrepreneurial base in the Philippine economy. It also recognizes the fact that the youth sector constitutes a sizeable resource of human resources trainable towards this direction.

Aimed at harnessing the entrepreneurial potential of the youth towards the attainment of a strong and vibrant Philippine economy by the year 2000, YEP epitomizes a vision for the future: a robust economy sustained by a large base of dynamic and globally competitive small and medium-scale enterprises participated in by young entrepreneurs.

YEP is a long term program of entrepreneurship training and development aimed at creating small and medium enterprises. At least 100 youths will be trained and monitored in selected provinces with special focus on the marginalized areas and agrarian reform communities.

YEP gives hope to the youth especially the unemployed by helping them become job-providers instead of job-seekers.

Program Partners

• Local Chamber of Commerce & Industry
  
• Local partners/NGOs
• Department of Trade and Industry
• Technical Education & Skills Development Authority (TESDA)
• Academe
• Effective Response to Alleviate Poverty (ERAP)
• Development Bank of the Philippines (DBP)

• Training
1. Basic Entrepreneurship Development Course
2. Advance Entrepreneurship Development Course
3. Specialized Business Training
• Business Plan Development
• Credit Assistance and Lending
1. ERAP Trust Fund
2. DBP German Fund Credit Facility
• Mentoring
• Business Incubation
• Market Syndication and Linkaging
• Business Information Network
• Monitoring and Assessment

YOUTH ENTREPRENEURSHIP FINANCING FACILITY PROGRAM (YEFFP)
The Youth Entrepreneurship Financing Facility Program (YEFFP) is a livelihood and credit program designed to provide loans, through qualified organizations, to Filipino youth who have completed the entrepreneurship and skills training programs of the NYC and TESDA. The YEFFP gives opportunities to the youth with entrepreneurship skills to establish their own business enterprises by providing them easier access to credit. The ERAP Trust Fund, as the credit fund source of YEFFP, employs the wholesale lending approach. It provides loans to qualified program partners/conduits who, in turn, re-lend the funds to eligible beneficiaries.

PROGRAM OBJECTIVES

1. Enhance the entrepreneurial skills of the Filipino youth pursuant to Executive Order No. 485 dated June 9, 1998 and Memorandum Order No. 56 dated March 04, 1999;
2. Support the business ventures of young people with technical and entrepreneurial skills, who otherwise are ineligible under regular credit facilities, by providing them easier access to credit;
   
3. Encourage the self-employment initiatives of the Filipino youth; and
   
4. Establish a credit program for young entrepreneurs.

Eligible Program Partners/Conduits

1. People's Organizations (POs) and Non-Government Organizations (NGOs);
2. Rural Financial Institutions (RFIs) and Cooperatives; and
3. Educational Institutions (EIs) supervised by TESDA.

Eligible Beneficiaries
Graduates of TESDA/YEP training programs preferably out-of-school youth.