Objectives

• Improve economic status for employees in the private sector, parastatals and other government agencies.
• Contribute to socio-economic development.
• Promote job creation.
• Entrench entrepreneurship spirit

Benefits

Requirements

• With Employer’s MOU with NEEF
• Company profile
• Memorandum and Articles of Association for employer
• Minimum of 10 member staff compliment
• Financial Statements for the employer
• Employee’s National ID.
• Employer’s letter of confirmation of status of employment
• Duly Authenticated Bank Standing Order in favour of NEEF.
• Without MOU with NEEF
• A Letter of Commitment from Employer to not change employee salary account within the loan period.
• Employee’s contract to be stamped and authenticated by a Commissioner for Oaths (applicant to bear the cost)
• Latest applicant’s payslip.
• Applicant’s salary account 3-months Bank statement (to assess trend of salary deposits).

Collateral

• Institutional guarantee that the repayment will be collected from the employee and remitted by the employer every month until fully repaid.