Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,669 members, 7,959,021 topics. Date: Thursday, 26 September 2024 at 09:33 AM |
Nairaland Forum / Nairaland / General / NYSC / Bank Of Industry Unveils Zero-interest Loan For Nysc Members (15262 Views)
Guys, Don't Ever Date A Lady Going For NYSC. See Why. / Bank Of Industry - GEF Grant (anyone)? / Bank Of Industry (BOI) Fresh Graduate Entrepreneurship Fund (GEF) 2016 (2) (3) (4)
Bank Of Industry Unveils Zero-interest Loan For Nysc Members by dammy13(m): 6:59am On May 11, 2017 |
THE Bank of Industry (BoI) said it has revised its interest rates on loans for members of the National Youth Service Corp, NYSC, under its Graduate Entrepreneurship Fund (GEF) programme to zero per cent from nine percent as part of its move to encourage youth entrepreneurship. The GEF scheme being implemented by the bank in partnership with the NYSC Directorate, currently in the second edition, has recorded over N262.9 million disbursements to 177 successful candidates. BoI, in a statement, said the loans at zero per cent interest became effective from May 01, 2017, adding that existing GEF loans and those to be disbursed from that date will require repayment of only the principal amounts, while the 177 candidates that have been financed under the scheme will be required to pay loan interest that accrued up to 30th April, 2017. The bank noted that as at March 31, 2017, it approved N583.8 million for disbursements for entrepreneurs under the scheme, adding that the gesture was motivated by the larger part of the 177 candidates who have exhibited strong dedication to their businesses and have demonstrated unusual commitment to repayment of their loans, including the nine percent interest. “The Bank of Industry is highly delighted in the outcome of its investment in these young Nigerians. The bank firmly believes that entrepreneurship is a critical pathway to resolving the worrisome unemployment problem in the country. Hence, the bank desires to ensure the businesses that have been created through the GEF programme remain sustainable with progressive migration from small businesses to medium and eventually to large enterprises. It is believed that this gesture will further attract young Nigerians that are undergoing their one-year compulsory National youth service to embrace entrepreneurship by participating in the GEF programme. It is pertinent to reiterate that the zero per cent interest charge on loans only applies to the GEF programme which is implemented in partnership with NYSC Directorate,” the bank stated. http://fabinfos.com/bank-industry-unveils-zero-interest-loan-nysc-members/ 1 Like 1 Share
|
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by Partnerbiz(f): 7:24am On May 11, 2017 |
Forget even loans. Cost of running biz in naija is too much. Overhead cost alone can gulp 30% of those funds. If we can fix power in Nigeria, most smes can survive. How can you even do online stuffs without power? Even me as a data seller, I need power constantly and often use gen to power my gadgets. Anyway see below for details... 12 Likes |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by skolab4(m): 8:24am On May 11, 2017 |
how do we apply? 1 Like |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by 1stdammy: 8:43am On May 11, 2017 |
What are the requirements, processes?? How do I apply 3 Likes |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by wakes: 11:36am On May 11, 2017 |
Wow! |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by brunofarad(m): 11:37am On May 11, 2017 |
If i had this opportunity then as a corper God knows where I would have been now WE still thank God Cos we still on the right track For the ones quoting me ,it was a typo Thanks for ur efforts tho Nigeria we hail thee 1 Like
|
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by nattyjay(m): 11:38am On May 11, 2017 |
This sounds good... Hmm |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by Lilaex: 11:38am On May 11, 2017 |
Niz one us way wan go serve now na to collect that money carry flex |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by Nobody: 11:39am On May 11, 2017 |
.. 1 Like |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by Nobody: 11:39am On May 11, 2017 |
This is good. Now its all about business initiatives. 1 Like |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by Nobody: 11:40am On May 11, 2017 |
I keep saying it Capital is the least of a problem for any business in Nigeria. These loans will turn into bad debt in the end creating more problems. Many so called "entrepreneurs'' are just looking for money to spend. 7 Likes 1 Share |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by bot101(m): 11:41am On May 11, 2017 |
brunofarad: Hmmnn.... corpse 6 Likes |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by olamide14(m): 11:41am On May 11, 2017 |
FOUND A LOST INTL PASSPORT AT MY OFFICE YESTERDAY. BEARER NAMES ARE: ALAO OLANIYI BAYONLE COME TO THE OYO STATE MINISTRY OF AGRICULTURE TO RETRIEVE IT. U MAY CALL: 08072991527 |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by emmyhumble(m): 11:41am On May 11, 2017 |
Please does anyone have idea on how to go about acquiring school loan? |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by olamide14(m): 11:41am On May 11, 2017 |
FOUND A LOST INTL PASSPORT AT MY OFFICE YESTERDAY. BEARER NAMES ARE: ALAO OLANIYI BAYONLE COME TO THE OYO STATE MINISTRY OF AGRICULTURE TO RETRIEVE IT. U MAY CALL: 08072991527 3 Likes 1 Share |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by nattyjay(m): 11:42am On May 11, 2017 |
deeMarc: Thief oriented brain And u will say naija is corrupt 1 Like |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by shaqhead: 11:42am On May 11, 2017 |
brunofarad:Really? Corpse? Guess thats a typo which u shd fix! This is a good initiative by this govt and I expect corp members to latch on ds n get funding for their viable business ideas! 2 Likes |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by opethom(m): 11:43am On May 11, 2017 |
Time to venture into agriculture 1 Like |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by Emmyk(m): 11:43am On May 11, 2017 |
bot101:Probably autocorrect. What that thing can do. |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by PAT4HOT(m): 11:44am On May 11, 2017 |
brunofarad: Oh dear, thank God you didn't have such opportunity cos u wud have been 6ft below 3 Likes |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by alsudaes1(m): 11:44am On May 11, 2017 |
Vorpal: |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by kitogram(m): 11:44am On May 11, 2017 |
1stdammy:Applications closed brother. |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by bot101(m): 11:45am On May 11, 2017 |
Emmyk: Many wonderful wonders. 2 Likes |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by Nobody: 11:46am On May 11, 2017 |
Partnerbiz: Much as you are right on the power issue not every business is heavily reliant on power. There are businesses that have to do with small scale exporting given current exchange rate that will bring back good revenues. There is cloth making, fashion designing, agriculture, transport and delivery business, food business, trading in commodities etc. I think the main thing is how easily accessible are these loans and if there are no bottleneck bureaucracy involved in the procurement of these loans. 1 Like |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by coolestchris(m): 11:47am On May 11, 2017 |
Thank God am grabbing that loan in the name of Yahweh watch out for my new song titled "cucumber" |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by humblemikel(f): 11:48am On May 11, 2017 |
brunofarad: REALLY .....RIP |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by alizma: 11:49am On May 11, 2017 |
Partnerbiz:another wailer sighted. before it was about no money to do business, now that there is money the wailing song has changed to cost of doing business in Nigeria is high. 1 Like |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by themonk(m): 11:50am On May 11, 2017 |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by elipheleh(m): 11:52am On May 11, 2017 |
Watch again as this useless government releases all the allocated funds to themeselves and those related to Buhari. Buhari did thesame in 1984 and by the time his then inlaw had amassed half of the loadn, he ordered the closure of that loan scheme. Till today where are our money? Has Nigeria ever asked for those loan returns? GENERAL DECEIT BUHARI |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by prince049(m): 11:52am On May 11, 2017 |
brunofarad: corps member not corpse |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by Gwan2(m): 11:52am On May 11, 2017 |
Any BOI scheme is noting more than a joke, trust me!......YES P, HERITAGE BANK/BOI COLLABO, KADSTEP all are example of BOI failed schemes. |
Re: Bank Of Industry Unveils Zero-interest Loan For Nysc Members by brunofarad(m): 11:53am On May 11, 2017 |
|
My Nysc 2014 Batch C Camp Experience(pictures) / Molestation Of NYSC Member: Court Frees Osun Monarch / A+
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 30 |