BIZ-STARTER PACKAGE

This package is for serving Youth Corps Members who are currently in the NYSC Skill Acquisition and Empowerment Development (SAED)
Programme and need seed capital to start up small businesses.

Package

Features

  • Disbursement occurs within 24 hours of complete validation and verification of the Corps Members’ registration with SAED.
  • Disbursements Methods – Funds will be credited directly to Corps Members NYSC allowance account.
  • Available repayment tenors range from 1 to 9 months.
  • Maximum Loan amount – N100,000.00 (Please note that for loans between N46,000 and N100,000 Corps Members will be required to complete a Letter of attestation at the SAED office and also scan same on the ETC Online Loan Application Portal).
Package

Required Documentation

  • Photo of NYSC ID Card
  • Photo of Attestation Form from SAED (For loans between N46,000 and N100,000).
  • Photo of Corps Member’s face (Frontal selfie showing full face and stopping at shoulder).
  • Photo of Corps Member wearing full NYSC regalia
  • Photo of a valid ATM Card for the Youth Corps account
  • Photo of completed Letter of Undertaking clearly signed and dated by Corps Members
  • PPA Posting letter.
Package

Eligibility

  • Applicant must be a serving Youth Corps Member.
  • Applicant must have a valid NYSC account number.
  • Applicant must have valid phone number and email address and both MUST be same as that used to register on the NYSC portal for posting.
  • Applicant must have registered on the ETC social networking platform. Register Here
  • Corps Member must be registered with the resident SAED programme in the state.

LETTER OF UNDERTAKING

PLEASE USE THE PROVIDED FORMAT FOR THE LETTER OF UNDERTAKING. THIS LETTER CAN EITHER BE PRINTED OUT, COMPLETED AND SIGNED OR COPIED ON A PLAIN WHITE SHEET OF PAPER IN THE CORP MEMBERS HAND WRITING, THEN COMPLETED AND SIGNED OFF

Download (PDF, 149KB)

TOP