Who Will Disburse The Loan

The loan disbursement will be processed and disbursed first by the Central Bank of Nigeria, after approving the business plans of all Npower volunteers that qualify to receive the loan, the Central Bank of Nigeria will issue directives to all NIRSAL Microfinance Bank selected by the Npower volunteers to issue loan to the Npower volunteers.

The final loan disbursement process will be carried out by NIRSAL Microfinance Bank, NIRSAL Microfinance Bank is the authorised bank established by the Central Bank of Nigeria to issue loans to Npower volunteers, NIRSAL Microfinance Bank will issue a collateral free loan to Npower volunteers amounting to ₦3,000,000 with zero interest rate, all loan disbursement process will be done physically at the NIRSAL Microfinance banking premises.