NYSC Foundation Loan: nyscfoundation.Org.Ng- How To Apply

NYSC Foundation Loan: nyscfoundation.Org.Ng- How To 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

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

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Requirements and How It Works

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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:

Apply

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