Africa-Press – Eswatini. Sixty young entrepreneurs from across Eswatini are earning national recognition for demonstrating outstanding financial discipline and business commitment after collectively repaying E2.4 million through the Youth Enterprise Fund – Eswatini.
The milestone highlights a growing culture of responsibility, resilience and sustainable entrepreneurship among the country’s youth. Youth Enterprise Eswatini is officially known as the Youth Enterprise Revolving Fund (YERF).
The achievement was celebrated during YERF recognition events held in the Hhohho and Manzini regions, where beneficiaries who maintained exemplary repayment records were acknowledged for their dedication. Speaking at the Manzini event, YERF Chief Executive Officer Mandla Nkambule described the repayments as a powerful indicator of the maturity and determination emerging among youth-led businesses nationwide.
Of the 60 entrepreneurs recognised, 32 beneficiaries successfully maintained strong repayment performance, safeguarding outstanding loan balances amounting to E1 428 747. A further 28 entrepreneurs fully settled their loans, contributing E1 047 255 to the Fund. Together, the repayments send a strong message of accountability and trustworthiness, reinforcing confidence in youth-focused financing initiatives.
“This recognition goes beyond money,” Nkambule said. “It reflects perseverance, responsibility and an entrepreneurial mindset that will shape the future of our country. These young people are proving that given the opportunity, they can build viable businesses and honour their commitments.”
Nkambule encouraged beneficiaries to view the milestone not as an endpoint, but as a foundation for future growth. Entrepreneurs who have repaid at least 50 per cent of their loans are now eligible for refinancing, allowing them to expand their operations, create employment opportunities and strengthen their contribution to the national economy.
He also emphasised the importance of open communication for those experiencing challenges with repayment. Nkambule urged beneficiaries to engage proactively with YEF officers and business mentors to explore flexible arrangements, ensuring that the Fund remains sustainable and continues supporting future generations of entrepreneurs.
One of the standout beneficiaries, grocery shop owner Noncedo Dlamini, received a Certificate of Compliance after never missing a single repayment. She attributed her consistency to a strong sense of responsibility and gratitude.
“I want the Fund to continue helping other young people just as it helped me,” Dlamini said. “By repaying faithfully, I know I am opening doors for others to follow their entrepreneurial dreams.”
The recognition initiative forms part of YERF’s broader strategy to foster financial discipline, accountability and long-term business growth among Eswatini’s youth. By celebrating success stories and promoting responsible borrowing, the Fund is nurturing a new generation of resilient entrepreneurs equipped to drive inclusive economic development.
As these young business owners continue to grow, their achievements stand as a clear reminder that disciplined entrepreneurship can be a powerful force for national progress and shared prosperity.
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