NYSC Foundation Loan to Corps Members

The National Youth Service Corps (NYSC) had commence a foundation loan to Corps Members, the loan would be issued to interested corps entrepreneurs starting from the 2014/2015 Batch C Corps Members, 2015 Batch A Corps Members and subsequently the incoming batches. Below are the requirements for the NYSC Foundation Loan.

• The certificate of national service shall serve as collateral for the loan.

• The benchmark of loans that could be accessed by the beneficiaries range from the #250,000.00 to #400,000.00 with 5% interest.

• The payback period is maximum 24months with 3 months moratorium.

It is instructive to note that the first set of beneficiaries drown from 2014 Batch 'C' will be issued cheques in October, 2015.

You are kindly requested to widely circulate this information to 2014 Batch 'C' corps members due to pass out soon (15th October, 2015)

Comprehensive list of interested corps entrepreneurs and their certified Business plans should reach the undersigned latest on 11th September, 2015.

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Please note that all payment for Foundation membership registration should be receipted and credited to;

ACCT NAME:-   NYSC FOUNDATION

ACCT NO:-  1011560875

BANK:-  ZENITH

SORT CODE:-  057080015.

Also, copies of letter of intent which are obtainable at all NYSC Secretariats are to be delivered by NYSC Foundation.

Please act with dispatch, please

M.E.DAN-ABIA Director (SAED)

For: Director General

Your comments below will be appreciated.

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