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NYIF Loan Discussion Thread - Business (109) - Nairaland

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Nyif Loan / NYIF Loan Application Portal: How To Apply, Verify Your Email / If Given The FG NYIF Loan Of -N-5M, What Would You Do With It? (2) (3) (4)

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Re: NYIF Loan Discussion Thread by sambroose(m): 6:20pm On May 17, 2022
PastorFire:
Government is trying to promote them (some sort of a contract) Nirsal won't take this long. Please bear the inconvenience and go to Port-Harcourt. I learnt Port-Harcourt is closer to the east.
They don't have any branch in South sound and east ( Portharcourt inclusive)
Re: NYIF Loan Discussion Thread by dhope: 6:30pm On May 17, 2022
PhilsGiovani:


Thank you Pastor Fire! These baobab guys are being unreasonable, I mean they have no branch is the whole of south south and south east and they expect people to show up physically, what kind of wickedness is that, I’m suspecting all these Mfbs, they are looking for a way to keep the money for a while and run business with it
Dunno why this country continue to be like this. Baobab is not to be blamed in this case but NYIF official/authority that selected the bank. How would you select a bank that doesn't have wide coverage and can't boast of a branch at least in each state capital? No be nonsense be that? Who knows if the selected mfbs are the highest bidder in terms of kickback. Mtchew

1 Like

Re: NYIF Loan Discussion Thread by sheylarhh(m): 7:32pm On May 17, 2022
PastorFire:
You are paying only 3% after 4-5years. The repayment plan is spread across those years.
Don't pay a dime to Lapo or sign any agreement. Their work on this stops at disbursement alone. It is not their money. They are leveraging on the misinformation beneficiaries have about the process. I will get one sacked tomorrow because Lagos have wade into an infraction that was committed by one of them.
Aiite thanks brothers. I was there around 3:30pm, I was told to come back tomorrow morning that it is already late. I just heard the woman saying she would have finished preparation the MOU before then. So make I no sign any document tomorrow abi?. They might decide not to issue out cheque if I refuse to do so sad
Re: NYIF Loan Discussion Thread by Denixel: 7:37pm On May 17, 2022
Guys, has anyone from bayelsa received the loan from LAPO.
Re: NYIF Loan Discussion Thread by abidragon: 8:02pm On May 17, 2022
Uptill now still waiting are they following the serial no or doing it randomly I pray it reaches our turn cause am also on the list but haven't heard anything yet may God make it reaches or turn wish u all the best
Good luck guys
Re: NYIF Loan Discussion Thread by PastorFire: 8:22pm On May 17, 2022
sheylarhh:

Aiite thanks brothers. I was there around 3:30pm, I was told to come back tomorrow morning that it is already late. I just heard the woman saying she would have finished preparation the MOU before then. So make I no sign any document tomorrow abi?. They might decide not to issue out cheque if I refuse to do so sad
Call the headquarters and put on speaker if they remain adamant.
Re: NYIF Loan Discussion Thread by bulespephilo(m): 8:31pm On May 17, 2022
Please for those who have opened an account with Baobab mfb, is that TIN number compulsory? I need to be sure before I travel.
Re: NYIF Loan Discussion Thread by sheylarhh(m): 8:59pm On May 17, 2022
PastorFire:
Call the headquarters and put on speaker if they remain adamant.
How can I get the number please
Re: NYIF Loan Discussion Thread by sambroose(m): 10:11pm On May 17, 2022
bulespephilo:
Please for those who have opened an account with Baobab mfb, is that TIN number compulsory? I need to be sure before I travel.
Nop, it's not compulsory
Re: NYIF Loan Discussion Thread by Dickson25(m): 1:30am On May 18, 2022
PastorFire:
Government is trying to promote them (some sort of a contract) Nirsal won't take this long. Please bear the inconvenience and go to Port-Harcourt. I learnt Port-Harcourt is closer to the east.

I don't think they have any branch office in Port-Harcourt.
Re: NYIF Loan Discussion Thread by Denixel: 1:58am On May 18, 2022
abidragon:
Uptill now still waiting are they following the serial no or doing it randomly I pray it reaches our turn cause am also on the list but haven't heard anything yet may God make it reaches or turn wish u all the best
Good luck guys
Did you registered in Bayelsa?
Re: NYIF Loan Discussion Thread by bulespephilo(m): 9:05am On May 18, 2022
sambroose:
Nop, it's not compulsory
Alright. Thanks
Re: NYIF Loan Discussion Thread by sheylarhh(m): 9:26am On May 18, 2022
sheylarhh:

How can I get the number please
@PastorFire
Re: NYIF Loan Discussion Thread by PastorFire: 10:45am On May 18, 2022
sheylarhh:
@PastorFire

Re: NYIF Loan Discussion Thread by sheylarhh(m): 10:54am On May 18, 2022
[quote author=PastorFire post=112942853][/quote]
Thanks. Those people hardly pick calls tho
Re: NYIF Loan Discussion Thread by Haypraise: 10:56am On May 18, 2022
Please who has any update from NPF MFB? It's too much deafening silence from them.
Re: NYIF Loan Discussion Thread by PastorFire: 11:20am On May 18, 2022
sheylarhh:

Thanks. Those people hardly pick calls tho
They always pick my call promptly. Press 1 after the first broadcast.
Re: NYIF Loan Discussion Thread by GraceMide1: 12:27pm On May 18, 2022
For those beneficiaries under BAOBAB MICROFINANCE BANK( Bodija, Ibadan branch I'm sure all physical banks will have the same requirements.
Kindly go with photocopies of utility bill , any means of identification (One photocopy each was required and Passport photograph(WHITE BACKGROUND).
Kindly note That TIN was not required in the form given.
Re: NYIF Loan Discussion Thread by Perfectman91: 1:48pm On May 18, 2022
GraceMide1:
For those beneficiaries under BAOBAB MICROFINANCE BANK( Bodija, Ibadan branch I'm sure all physical banks will have the same requirements.
Kindly go with photocopies of utility bill , any means of identification (One photocopy each was required and Passport photograph(WHITE BACKGROUND).
Kindly note That TIN was not required in the form given.

Where you told when payment would commence please after all of these?
Re: NYIF Loan Discussion Thread by GraceMide1: 3:38pm On May 18, 2022
Perfectman91:


Where you told when payment would commence please after all of these?
Not at all
Re: NYIF Loan Discussion Thread by PastorFire: 3:42pm On May 18, 2022
Txn: Credit
Ac:XXXXXXXX**
Amt:NGN800,000.00
Des:DECR/********'/*****
Date:18-MAY-2022 13:54:20
Bal:NGN800,000.00
...improving lives, lapo-nigeria.org

I just got mine.

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Re: NYIF Loan Discussion Thread by PastorFire: 3:57pm On May 18, 2022
I will be here to continue to provide assistance to those who haven't gotten?
Re: NYIF Loan Discussion Thread by Riverrun: 4:08pm On May 18, 2022
PastorFire:
Txn: Credit
Ac:XXXXXXXX**
Amt:NGN800,000.00
Des:DECR/********'/*****
Date:18-MAY-2022 13:54:20
Bal:NGN800,000.00
...improving lives, lapo-nigeria.org

I just got mine.


Congratulations. Individual or SME?
Re: NYIF Loan Discussion Thread by PhilsGiovani: 4:25pm On May 18, 2022
PastorFire:
Txn: Credit
Ac:XXXXXXXX**
Amt:NGN800,000.00
Des:DECR/********'/*****
Date:18-MAY-2022 13:54:20
Bal:NGN800,000.00
...improving lives, lapo-nigeria.org

I just got mine.

Congratulations Pastor Fire. Were you under SME ?

Re: NYIF Loan Discussion Thread by PastorFire: 4:38pm On May 18, 2022
Riverrun:


Congratulations. Individual or SME?
SME.. I used my CAC.
Re: NYIF Loan Discussion Thread by PhilsGiovani: 5:00pm On May 18, 2022
PastorFire:
SME.. I used my CAC.

I think the highest LAPO is giving for SME is 800k. But I’ve seen 1 million from NPF. I wonder if no one will get up to 2 million

1 Like

Re: NYIF Loan Discussion Thread by PastorFire: 5:12pm On May 18, 2022
PhilsGiovani:


I think the highest LAPO is giving for SME is 800k. But I’ve seen 1 million from NPF. I wonder if no one will get up to 2 million
That's not true please. 3 other guys with me got 1.5M. And it's Lapo.
It is what is approved from NYIF that will be disbursed.
Re: NYIF Loan Discussion Thread by PhilsGiovani: 5:46pm On May 18, 2022
PastorFire:
That's not true please. 3 other guys with me got 1.5M. And it's Lapo.
It is what is approved from NYIF that will be disbursed.


Wow! That’s cool
Re: NYIF Loan Discussion Thread by sambroose(m): 6:13pm On May 18, 2022
PastorFire:
Txn: Credit
Ac:XXXXXXXX**
Amt:NGN800,000.00
Des:DECR/********'/*****
Date:18-MAY-2022 13:54:20
Bal:NGN800,000.00
...improving lives, lapo-nigeria.org

I just got mine.

Congratulations brother, is your business registered, ( i.e with CAC and TIN)
Re: NYIF Loan Discussion Thread by sambroose(m): 6:16pm On May 18, 2022
Any idea if an individual can get more than 250k
Re: NYIF Loan Discussion Thread by PastorFire: 6:21pm On May 18, 2022
sambroose:

Congratulations brother, is your business registered, ( i.e with CAC and TIN)
My business is registered with CAC and TIN.
Remember, loan limit for individual start-up businesses (Without CAC) is 500k While Existing businesses under the SME category (Registered with CAC) is 3M.

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