NEXIT: NEXIT Soft Loan Is Interest Free And Has A 7 Years Repayment Period

Some exited Npower Batch A and B volunteers have been asking the question if the soft loan to be given by the Federal Government of Nigeria, that is the Ministry for Humanitarian Affairs in collaboration with the Central Bank of Nigeria, the soft loan is an extremely flexible loan, it is not interest based, in fact it is interest free.

The NEXIT soft loan according to the Ministry for Humanitarian Affairs will be repaid at a maximum loan tenure of 7 years, after the NEXIT soft loan training is concluded, every business plan developed by the exited Npower Batch A and B volunteers will be scrutinized by the NEXIT training organisation and forwarded to the financial institutions responsible for disbursement of the soft loans, the soft loans approval will be based on the loan amount and working capital specified in the exited Npower Batch A and B volunteers business plan.