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Home Featured

Microfinance Bank Approves N150m Ram Loan for Sallah Celebration

by NationalInsight
June 7, 2024
in Featured, News
Reading Time: 1min read
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The Management of Yobe Microfinance Bank has approve 150,000,000.00 million Naira as Sallah Ram Loans for its customers.

The gesture is aimed at supporting individuals and families during the Sallah celebrations and it is payable in five months.

https://aouniversity.edu.ng/ https://aouniversity.edu.ng/ https://aouniversity.edu.ng/

According to a statement by the
management, the loan scheme is designed to support civil servants in Yobe State especially those working with state and LGA during the festive season, providing financial assistance to cater to their needs to purchase rams during Sallah celebrations.

Beneficiaries of category A is entitled to N150,000 while Category B is N75,000

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Listing the conditions for the application for the loan, the Bank said applicants must have an account with minimum balance of N2,500 for ATM cards and other services and must obtain forms from the banking hall at N1,000

“Applicants must be a staff of Yobe State Government or any Local Government in Yobe state and provide KYC documents including 2 passport photographs, NIN numbers, payment slip

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