NYSC Foundation Loan (N400,000 Each): For All Nigerian Citizens-Apply

NYSC Foundation Loan (N400,000 Each): For All Nigerian Citizens-Apply: The NYSC Foundation Loan is

Is Non-Governmental, Non-Political, Non-Profit and Private Sector-driven Organization,
Founded by former corps members
It is a scheme that seeks to give back to the Society,
The Nysc Foundation is duly registered with all the relevant regulatory organs of government, including
the Corporate Affairs Commission (CAC) (RC.11,883),
the Economic and Financial Crimes Commission (EFCC),
(Special Control Unit), in accordance with the provisions of Money Laundering (Prohibition) Act, 2011,
Federal Ministry of Youth Development, its supervisory agency

The NYSC Foundation Loan is also

Open to all Nigerians who have undergone the compulsory one-year National Service and are desirous of contributing to the achievements of the NYSC Foundation in line with its mandate.
Serving Corps members, Ex-corps members, and Nigerian citizens at large (National Unity)
The arm of this empowerment scheme is to promote the well-being of ex-corps members through skills acquisition and entrepreneurship and the institutional re-strengthening of the NYSC Scheme.

Requirements and How It Works

Loan are given to interested ex-corps members who have business ideas. The loan is payable.

Application letter

A business proposal

Photocopies of evidence of being a registered member.

NYSC Foundation N400,000.00 maximum

Moratorium (Grace Period)

3 months

Duration

24 months

Eligibility

Registered members of the Foundation

Charges

5% one-time administrative charge

Collateral

NYSC Discharge Certificate

Guarantor

Not below grade level 12 in a government establishment or its equivalent in the private sector

All payments for foundation membership registration should be receipted and credited to the account below:

Account Name: NYSC foundation

Account No: 1011560875

Bank: Zenith Bank

Sort code: 057080015

Apply For NYSC Foundation Loan