In today’s Latest NYIF Loan Disbursement News, the Federal Ministry of Youth and Sports Development FMYSD Partnered Nigeria Police Force NPF Microfinance Bank On National Youth Investment fund NYIF Loan Disbursement.
We noticed that some NYIF applicants are receiving email message from the NPF Microfinance bank based on their partnership with FMYSD on NYIF Loan scheme. This information is based on the email invitation sent out to some NYIF applicants. Read email sent below:
Dear NYIF Beneficiary,
The Federal Ministry of Youths & Sports is partnering with NPF FB Plc as one of the Disbursing parties for the National Youth investment Fund (NYIF) nationwide.
Your name/SME has been forwarded to us as one of the successful beneficiaries. You are therefore required to either:
1. Visit our website www.npfmicrofinancebank.com to open account.
2. Through our USSD *5757#
3. Download the mobile App through Play Store or Apple Store
4. Visit any of our branches nearest to your location
The NYIF aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%.
NPF Microfinance Bank Plc is engaged in the business of microfinance banking and has emerged as one of the leading microfinance banking institutions in this sub sector. It is a professionally managed and conservative bank, providing a wide range of banking products and services to consumers at its various locations. Some of the services provided include Retail Banking, Loans and Advances, Money Market Activities and Financial Advisory services (to members of its community and the larger society).
If you applied for NYIF and you were not given the loan either because you missed the training or due to other reasons beyond your understanding, you can take advantage of the NPF Microfinance bank loan.