NEXIT: NIRSAL Micro Finance Bank And Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) To Handle Loan Disbursement Process

The Agri-Business/Small and Medium Enterprise Investment Scheme and the NIRSAL Micro Finance Bank will be handling the soft loan disbursement process when the NEXIT soft loan disbursement begins, this soft loan requires no collateral. For the soft loan to be paid to the exited Npower volunteer, the Npower volunteer must have fulfilled the following below.

1) The Npower volunteer must have attended a compulsory training with a NIRSAL Microfinance Bank certified Entrepreneurship Development Institute (EDI), this training will be done in batches, the first batch have completed their, the second batch of the training will start when Npower sends the list of Npower volunteers that have confirmed their availability for the second batch of the Npower NEXIT training by dialing *45665#.

2) The exited Npower volunteer must have gotten business support service from 

the Entrepreneurship Development Institute (EDI) 

3) The Entrepreneurship Development Institute (EDI) must have assisted the Npower volunteer to implement a business plan.

4) The Npower volunteer must have applied for the loan by completing the and submitting the business plan.

Npower volunteers should take note, for the procurement of equipment(s)/plants/machineries, this will be procured by one of the NIRSAL'S Micro Finance Bank certified Vendors, while the working capital funds will be credited to the Npower volunteer's savings account for withdrawal if the Npower volunteer meets the loan requirements and if the Npower volunteer qualifies, unqualified Npower volunteers will also be contacted. Npower volunteers might be required to open an account with NIRSAL Micro Finance Bank as the case may be.