The National Social Empowerment Scheme in Nigeria is a grand attempt to provide microfinance and complementary economic services through social Empowerment systems.
The objective of this programme is to provide small loans and grants to small-scale traders, students, youths or artisans, groups that usually cannot access loans or credit through banks and traditional financial institutions.
It was created to provide zero-collateral soft loans and grants to individuals, traders, artisans and farmers, aiming to improve their standards of living by expanding their businesses.
The NSEIP is targeted at benefitting a minimum of 500,000 Micro, small and medium enterprises on its first run.
The program was designed to fund the smallest of these MSMEs, who rarely have the means to access credit from banks or other traditional means.
How To Apply
This procedure reduced inaccessibility to the credit to the barest minimum.
1.Government issued ID
2.National Identification Number
3.Applicant must be withing the age of 18-55
4.Applicant must be a resident of Nigeria.
- Applicant must possess a functional commercial bank account in Nigeria.
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