NYIF Update: Why you may miss the Nigeria Youth Investment Fund after approval

Following the approval of loans for some applicants of the Nigeria Youth Investment, the Nirsal Microfinance Bank has continued the disbursement of the Nigeria Youth Investment Fund to the "Trained" applicants whose loans have earlier been approved.

However, some applicants may miss their loan amounts credited to their  bank accounts due to "their account being unable to accept the loan amount sent into it". This has already become a case of some of the beneficiaries and why they have not been credited.

The simply solution as advised by the Nirsal Microfinance Bank is that all Applicants while waiting for disbursement or immediately after approval, should endavour to upgrade his or her Bank account. It is a simple process done in any commercial bank. If you account is ok and there is no need for the upgrade, your Bank will tell you.

Kindly note that Pre-prequalification, Training Invitation and the Training of qualified applicants are on going. All applicants have been encouraged not to exhaust their patience as the programme continues in Batches.

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More loans will soon be approved for the "Trained" beneficiaries of the scheme even as disbursement continues. However, all processes have been batched to enhance the efficiency of the Scheme.

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