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NATIONAL SOCIAL EMPOWERMENT PROGRAM
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NATIONAL SOCIAL EMPOWERMENT PROGRAM
About NSEIP
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.
Coverage
The NSEIP is targeted at benefitting a minimum of 500,000 Micro, small and medium enterprises on its first run.
Target
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.
Soft loans and grants
It was created to provide zero-collateral soft loans to individuals, traders, artisans and farmers, aiming to improve their standards of living by expanding their businesses.
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