So, here's something interesting I stumbled on recently, and I think every corps member should be aware of it.
If you’re currently serving or preparing to serve in NYSC, there’s a new loan program called YouthCred, and it’s actually legit. It’s not one of those random loan apps that spam your phone and leave you with 70% interest rates. This one is officially backed by the government through an organization called CREDICORP (Consumer Credit Corporation of Nigeria).
About YouthCred
Well, it’s a support system for NYSC members who need some breathing space financially. Maybe you’ve been posted to a village where there’s nothing and you need to buy a fan, mattress, or motorbike to move around. Or you’re working in a city firm and need a laptop or some decent clothes to look the part. YouthCred helps you sort these kinds of things without borrowing from random loan sharks.
How YouthCred Works (Without the Big Grammar)
- You can borrow between ₦100,000 and ₦150,000
- You’ll repay small-small from your monthly NYSC allowance (now ₦77,000)
- The interest is low—like really low, not those crazy rates you see everywhere
- You’ll first take a short online financial training course (don’t worry, it’s free)
- Application is online at www.youthcred.com
There’s already an agreement between CREDICORP and NYSC to roll this out in all 36 states. NYSC officials have even been trained to help corps members with questions and applications.
But Why Is Financial Training Part of It?
Before you get the loan, you must complete a short digital course that talks about budgeting, how credit works, how to manage loans, and how not to mess up your credit history. Honestly, this is something every young Nigerian should know, loan or not.
The goal isn’t just to give you money, but to help you build good money habits that can follow you into life after NYSC.
Real Talk
Let’s face it, NYSC is full of surprises. Some people get posted to city firms with high expectations, others find themselves in areas without light or water. In either case, you need some funds to set yourself up properly.
YouthCred is like that uncle who doesn’t give you cash directly but helps you borrow wisely without stress. The repayment is spread out, the interest isn’t wicked, and you walk away with a real credit history (which can help with bigger things in future, like renting, school abroad, or even starting a business).
Final Thoughts
I’m not saying everyone must take a loan, but if you truly need a little support during your NYSC year, YouthCred is worth checking out. It could be the difference between suffering in silence and actually getting through the year comfortably.
Go check it out for yourself at www.youthcred.com and decide if it makes sense for you.
Follow Opportunities Waka for daily updates on:
🎓 Graduate jobs in Nigeria
💼 Entry-level opportunities
📚 Scholarships and fellowships
🌍 African youth career development programs
0 Comments