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Microfinance for Young People

Publication Good practices

The Prince’s Scottish Youth Business Trust (PSYBT) is a limited company with charitable status that provides essential finance and professional support to young entrepreneurs in Scotland, United Kingdom. This document looks at the institution's loan methodology targeting young people for start-ups and developing businesses. PSYBT also offers services in the pre start-up phase including training, advice and test marketing. It develops a supply of one-to-one support, and the post start-up mentoring programme lasts for up to 2 years after the initial credit is granted. These are critical factors in the success of this initiative, which started in 1989.

PSYBT has well-structured Business Development Services, one of the core elements of its activities in addition the unique feature in that it brings together a mixture of public and private sector supporters that enable them to reach a broader scale.