But Mr Makwana said the most important part of the scheme was the advice and mentoring that young people get along with the loan.

BBC: Start-up loans scheme expanded

"It is not about creating the next multinational, it is about creating a series of micro-businesses, giving you enough capital to start your own business, " said Ketan Makwana, from Rockstar Youth, one of the organisations administering the loans.

BBC: Start-up loans scheme expanded