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NYIF Applicants: Next Steps To Follow By Applicants After Account Update In The NYIF Portal

After the account update, some applicants are worried over the next steps they should follow to meet the final criteria. However, link has been sent to some applicants for the entrepreneurship online training that is ongoing in some parts of the country. Therefore, in this article I would like to share simple steps which every qualified applicant should follow to meet the final criteria which is fund disbursement. But before I proceed, I would like to discuss on the steps to follow by applicants during the account update. 

Below are the steps to follow for account update:

1. Visit the NYIF official portal

2. Click on the 'dashboard' and select account update

3. A dialog box will appear for you to provide your bank details(account number, bank name, bank Verification number and account name)

4. Then, after providing the above details, click on "Summit."

After following the above steps to update your account, a link will be sent to your e-mail address for the entrepreneurship online training.

Below are the next steps after account update:

1. Entrepreneurship Online Training

The next steps that follow immediately after the account update is the one-week Entrepreneurship online training organized by the NYIF management to teach all qualified persons on the type of business they should invest the loan.

Note that, after the entrepreneurship online training by the NYIF management, all participants will be giving a time to answer questions. Therefore, Applicants are expected to be present throughout the training period.

2. Loan Approval

Immediately after the entrepreneurship online training, is the approval of loans to qualified persons. This will commence few days after the training where applicant will be notified through their email address. In regard to this, applicants are to keep their phones and email address active so that they won't miss this opportunity.

3. Loan Disbursement to qualified applicants

This is the final step, where loans will be disbursed to successful applicants. However, before this, the NYIF management will access applicant's account to know if they have any pending loans with other banks. 

Regarding this, applicants are expected to be loan-free from other platforms, as this can lead to disqualification.

I hope the newsletter was helpful?

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