A.Y.E TRUST FUND – Get Business Funding in 59 Seconds
Table of Contents
- 1 Link to Register for A.Y.E AYEEN TRUST FUND IS http://www.ayetrustfund.org/
- 2 What you must know about A.Y.E Trust Fund
- 3 A.Y.E Trust Fund
- 4 How it works?
- 5 To be a beneficiary of the A.Y.E Trust Fund
- 6 AYE Trust Plans
- 7 Questions and Answers About A.Y.E Trust Fund
- 8 Key Speaker at the A.Y.E.Convention 2018
- 9 AT THE AYEEN 2018 CONVENTION PANEL
- 10 Olawale Ayilara A.Y.E Panel 2018
- 11 Testimonies from A.Y.E 2018
- 12 About Africa’s Young Entrepreneurs (A.Y.E)
- 13 For Nigeria We have AYEEN
Link to Register for A.Y.E AYEEN TRUST FUND IS http://www.ayetrustfund.org/
On Sunday being 25th November 2018, the Worlds Largest Entrepreneurship Network, African Young Entrepreneurship Network (A.Y.E) unveiled a new brand and network called the A.Y.E Trust Fund. According to the president of A.Y.E, Mr Summy Smart Francis after an epic moment where he told the A.Y.E Story and Vision with tears in his eyes, officially launched the A.Y.E Trust Fund at the 2018 A.Y.E National Convention held at Pisits Conference Center, by Elevation Church Jakande Bus stop, Lekki Ekpe Express Lagos Nigeria.
A.Y.E Trust Fund is a program of African Young Entrepreneurship Network, which was born out of displeasure suffered by many young and older entrepreneurs seeking for business startup funds, who have to go through vigorous process of seeking loans, grants and capital to start business. Most cases, financial institutions which have been structured on alien policy which do not favor the common Nigerian and African to get loans or business funding as they are required to pay huge interest and provide collateral.
In some cases, even even after an individual has met the requirements for getting loans and funding’s, they are subjected to humiliation from the bureaucracy of financial institutions which is not favorable to a growing economy like Africa.
Mr Summy Smart Francis, having gone through a lot of such experiences in his entrepreneurial journey, vowed along with his team to put an end to that narrative by taking the bull by the horns, and A.Y.E Trust Fund was given birth to.
The aim of A.Y.E Trust fund is to empower African businesses with a system where businesses can get funded based on Trust created by a network of Individuals. It is like a Bockchain of entrepreneurship where members are given an opportunity to save over a period of time, then members build a system of trust among themselves, from that trust members can access grants and Funding based on trust from other members of such a block. Loans can be verified by members of the same system who will approve your stewardship and you get your business funded in 59 Seconds.
What you must know about A.Y.E Trust Fund
AYE Trust Fund is a carefully crafted system that encourages savings, and building business relationships. This make It impossible for unqualified fund seekers get access to the money. You will need to be part of a Block like we have in Bitcoin Mining which is impossible for fraud as every transaction will be verified by members, who serves as your guarantors based on the legacy and saving culture you all have built. It cuts stress of going to banks to seek funds or taking file from one office to another.
A.Y.E Trust Fund is the platform under the Africa’s Young Entrepreneurs’ Umbrella that encourages the members to imbibe the savings culture. The Online platform which is user friendly, easily accessibility all kinds of people in the society & offers her members easy access to savings and funds in terms of credit to engage in thier day business to day activities.
How it works?
- Register for the creation of a new account. Registration is automatic and you’ll instantly get an access to the platform. Make sure you supply a valid email address when registering as your email is the major for all activity on the platform.
- Your TRUST FUND Account is funded weekly by an automated direct debit to the Bank Account you provided when signing up unto the TRUST FUND platform or by direct bank transfer.
- This is the day when all trust members’ total weekly deposits are paid (via wire transfer) directly to their registered bank account. The cash-out date signifies the end of a Trust Fund Cycle and it’s usually a day between the 1st and 14th of December.
To be a beneficiary of the A.Y.E Trust Fund
- All yo need to do is to login to the A.Y.E Trust website https://www.ayetrustfund.org/
- Register an account
- Choose a savings plan
- Be consistent to the time schedule given to you
- Build a blockchain with other members
- Get your Funds in 59 Seconds when you need them
AYE Trust Plans
Silver Trust members – Depsot 200, Weekly 1000, Winners Business Can get 1,000,000
LOAN UP TO:N1,000,000
God Trust Mmeber – Deposit 10,000, Weekly Savings 5,000 Win Business Support Fund 5,000,000
LOAN UP TO:N5,000,000
Platinum Trust Mmeber; Deposit 20,000 Weely Savings 10,000 Win Business Support Fund 10,000,000
LOAN UP TO:N10,000,000
Questions and Answers About A.Y.E Trust Fund
What is A.Y.E Trust Fund?
It is a platform under the Africa’ Young Entrepreneur umbrella that gives you access to zero-interest loans without collateral, paper works in approximately 59 seconds.
Who can sign up unto the Trust Fund Platform?
Anybody with a Bank Account can operate a TRUST FUND Account.
How do I open a TRUST FUND account?
Opening a TRUST FUND account is free and easy. You can do it via the following steps:
On the Home Page, click on the sign-on button
Read the Terms and Conditions and check to agree
Enter your details and click on the sign – on button
Choose a Trust Fund category and register
How do I fund my TRUST FUND Account?
Your TRUST FUND Account is funded weekly by an automated direct debit to the Bank Account you provided when signing up unto the TRUST FUND platform or by direct bank transfer.
What is TFP?
TFP stands for TRUST FUND PIN. This is the unique identification number of each Trust Member. It can used for transactions and to offer Trust to other members.
Can I have multiple TRUST FUND Accounts?
Yes.But you must provide a bank Account details that is not been used by any other TRUST FUND Account.
Do I get interest on my savings?
TRUST FUND is a no-interest savings platform and you also do not pay interest when you collect a loan. It gives members other multiple benefits.
What are the benefits for registering on the platform?
You will have the opportunity of accessing the following benefits:
Access to zero interest loans
Access to loan with no collateral and no paperwork
Loan approval in about 59 seconds
Qualify for the annual membership empowerment raffle draw of up to N10,000,000.00
Access to Purchase Order Power
Access to Free Business Advisory
Access to Free Legal Cover
Access to Medical cover
Access to online mentoring
Regular updates on A.Y.E events and program
Free access to A.Y.E annual convention
Are there penalties for not meeting up with my weekly deposits?
Yes.The system will automatically place your account in a dormant state if you fail to meet up with two consecutive weekly deposits and you will lose all the benefits accessible to Trusted Members.In addition, you will not have access to the cash balance on your account until the cash out date.However, you can reactivate your dormant account by re-registering on the platform.
When can I access Loan on the Platform?
You can access loans on the platform when you become a Trust Member.
When do I become a Trust Member?
You become a Trust Member the moment you complete the sign-up process on the platform.
How is the interest on loan calculated??
The loans given out on the TRUST FUND Platform are interest-free. No interest are calculated on the loans.
What do I need to access loan on the platform?
Upon your request for loan, the platform will automatically calculate the number of TFPs (Trust Fund Pins) a member will require when accessing a loan, which is dependent on the amount of loan you are requesting.
How many times can I take loans from the TRUST FUND Platform?
There are no restrictions to the number of times you can access loans on the platform within the Trust Fund Cycle.However, you can only access more loans when you have paid back all outstanding loans.
How much money can I borrow from the Platform?
You can borrow up to N10, 000,000.00 (Ten Million Naira) from the platform depending on the membership category.
What is the Payback Period for loans?
The payback period is determined by you and your trustees. However, all loans should be liquidated before 30 November of every year.
What is a Trust Fund Cycle?
The Trust Fund Cycle is the Trust Fund accounting year. This is the period between when you register and the cash-out date.
When is the cash-out date?
This is the day when all trust members’ total weekly deposits are paid (via wire transfer) directly to their registered bank account.The cash-out date signifies the end of a Trust Fund Cycle and it’s usually a day between the 1st and 14th of December.
What are the penalties for defaults in loan repayment?
Your account will be blacklisted and all the Trustees that trusted you will lose all the balances in their account at the end of the Trust Fund Cycle.You and all your Trustees will lose the opportunity of winning the Business Support Fund at the end of the Trust fund Cycle.
Who can win the Business Support Fund?
All members who have saved consistently throughout the Trust fund Cycle
All members who have fully liquidated their loans
All members whose TFPs are not in use
What does TFP –in-Use mean?
TRUST FUND PIN – in – Use means you either have taken a loan or trusted another member to take a loan on the platform. Until either you or the members fully repays the loan your TFP will be in use.
What is POP?
POP stands for Purchase Order Power. It is the sum of money given to members who have needs to urgently purchase equipment/goods for their business.
Who is a Trustee?
This a Trust Member that offers trust to another Trust Member seeking loan on the platform.
How much can I access from POP?
You can access POP of up to N200,000.00 or an amount equivalent to your deposits into your Trust Account of 5 months.
When can I Access POP?
You can access POP after 6 months of consistent savings on the platform.
Can I Cancel my TRUST FUND Account at any time?
Yes However, payments will only be made on the cash out date.
Keynote Speech by Mrs Folorunso Alakija’s.
Join the conversation by sharing pictures and opinions using the hashtag #AYEEN2018It was an Epic moment at the conference as it was graced by very important personalities in the society. Music Legend Donjazzy was already seated at the auditorium by 4PM, even before the event started fully. This no doubt gave participants, AYEEN 2018 Applicants who where also at the event eagerly waiting for the announcement of the 2018 AYEEN grant winners a calm.
Apart from captains of the music industry, sighted at the even was Mr. Emmanuel Akpakwu, the Chairman Alliance in Motion Global Nigeria and CEO Dakinda football for every home. He is also the known for touching lives through Dakinda foundation and the Ojilima women foundation. AYEEN 2018 Business Grant J18 Form Now Available
Also, gracing the occasion and official launch of the A.Y.E Trust Fund was done by Mrs. Folorunsho Alakija. She was the first to launch the website at the occasion.
The richest black woman in the world Mrs Folorunsho Alakija is a businesswoman from Nigeria. She is a business tycoon involved in the fashion, oil and printing industries. She is the Group Managing Director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the Executive Vice Chairman of Famfa Oil Limited. As a great philanthropy , Mrs Alakija has a foundation called the Rose of Sharon foundation that helps widows and orphans by empowering them through scholarships and business grants
Key Speaker at the A.Y.E.Convention 2018
Mr Billy spoke for quite a while at the A.Y.E Convention, Selekane’s work, as a speaker and businessman, has impacted millions around the world. He travels extensively providing services in various countries. However before the glitz and the glamour Selekane used to do door to door sales in his Kasi – Tembisa selling stuff most of his peers dared not to.
During the A.Y.E Annual convention, he told his entrepreneurial story, inspiring his audience on the need for making an impact in the society as the pivot for entrepenureship. Africa must realize that the power to developement lies in the hands of Africans not foreigners who come to the African nations to zap her of her resources. He also spoke on breaking the power of the Political Elites, who invested nothing but are enjoy the resources meant for the entire nation. To Mr Selekane, only a few individuals are in contol of scrace resources whyle the majority wallow in poverty. Billy Selekane also pointed that in Africa, Poor Infrastructure, Bad leadership and poverty are the strongest problems influencing eonomic developement. That is why we need more entrepreneurs, who will influence scrace resorces at their own environment, when this happens, it will eliminate the gap between the very rich and the very poor, making Politics less lucrative and Power will return to the people.
A.Y.E on Monday, 26th November thanked the entire members and delegates who tended the A.Y.E Annual convention for the support they received and the cooperation of everyone. According to an email sent to participants:
On behalf of the the A.Y.E Team, we would like to take the time out to appreciate every one of you that graced the AYEEN 2018 Convention today!
We also want to congratulate those that won special prizes, please send your full details (i.e name, phone number and image) to firstname.lastname@example.org to claim your reward.
Our success story won’t be complete without YOU.
Above all, we thank God for making this a huge success!
AYEEN THEME SLOGAN GOES THIS WITH A SHOUT OF ENTHUSIASM
“If you can ACHIEVE this much alone, How much more can we ACHIEVE together”
AT THE AYEEN 2018 CONVENTION PANEL
Anchored by Ibada Ahmed A.Y.E Vice President
A Kenyan Citizen of Somali Descent. Ms. Ibada Ahmed is the Vice President of Africa’s Young Entrepreneurs. She is tasked with Expansion and Overall management of AYE.
Olawale Ayilara A.Y.E Panel 2018
Olawale Ayilara, MD and CEO of LANDWEY INVESTMENT is RISE NETWORKS Youth of the Week.
Ms. Ahmed is a member of Bankers without borders as well as a mentor and speaker on various platforms. She is business strategy consultant, Avid reader and Writer. She holds a degree in Arts from University of Nairobi as well as other professional qualifications.
During the panel session anchored by A.Y.E Vice president – Ms. Ibada Ahmed, Mr Olawale Ayilara encouraged entrepreneurs to seek information. With the availability of the internet, young folks need to cut time spent to chat on the media and use that opportunity to gain information online as this will save them a lot of time and energy in business when they have acquired enough information.
He told his humble story, saying what you need my not be an office space, with your laptop and internet you are set for business. As an upcoming entrepreneur in his days all he needed was Land owners and those who had the money, then He leverage on the power of the internet to make these two opportunities meet. This little beginning of marketing today has amounted to something bigger in the real estate business for Him.
Mr Olawale Ayilara’s, LandWey Investment Limited company popularly known as LandWey Eagle is not sitting on his laurels, just like an eagle, he is soaring high into the skies of real estate in Nigeria, planning restructuring and redesigning the industry into an ideal 21st century real estate investment company for all and sundry.
Testimonies from A.Y.E 2018
- Igwe Harrison Nwonu: Yesterday event was more than wow. It was an epitome of reality. A.Y.E is the potential place for enhancing entrepreneurial skills. Tnx A.Y.E Team.
- Okere Abiaziem Duke: I really enjoyed this man’s speech (BillySelekane), Africa is indeed loaded
- Abdullah Omoh Mudashiru: Challenge Solved- Wealth Created
- Olalekan Jonathan Anderson: Mistakes will increase your experience, and experience will reduce your mistakes…
- Igwe Harrison Nwonu: She (Mrs Folorunso Alakija) is a godly mother with distinction. Her word relief and heals. There is hope for the next generation.
- Olasege Idris: Thank you ma (Mrs Folorunso Alakija), for encouraging us to have a dream and attain greatest height in life. thank you ma.
About Africa’s Young Entrepreneurs (A.Y.E)
Africa’s Young Entrepreneurs (A.Y.E) is committed to empowering young entrepreneurs across Africa by creating platforms that facilitate intra-trade on the continent. We are dedicated to developing the next generation of outstanding African entrepreneurs, who will shape the economies and political landscapes of their home countries.
A.Y.E unite and empower young entrepreneurs in Africa to network socially and financially, thereby developing a generation of outstanding entrepreneurs. Our collective intellectual capital develops market-leading businesses and networks, to play a key role in raising African prosperity.
You will have:
- Relationships with a respected panel of advisors and experienced entrepreneurs.
- Loyalty patronage from A.Y.E global partners.
- Access to online business initiative programs.
For Nigeria We have AYEEN
YEEN was conceived to effectively affect the business space & entrepreneurial minds of young Nigerians.
Empowerment and funding for smart business ideas
AYEEN Testimonial Record
Empowering & Showcasing Nigerian Entrepreneurs
Mentorship, Training & Equipment for Entrepreneurs