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National Board for Small Scale Industry is the full meaning of NBSSI.
National Board for Small Scale Industry is an initiative to facilitate the design of an official financial directory thereby achieving visibility for financial institutions with products tailor-made for MSMEs. The NBSSI is also responsible of given loan to some of the people in the country to start their own business. The name of this loan is Nkosuo loan. Since they started given this loan, some of the people in the country have already received their load from NBSSI, but some of the people in the country have not received theirs, and NBSSI has come out to give a notice to all the applicants.
According to the management of NBSSI, applicants should note that, NBSSI does not charge processing fees for the Nkosuo loan application, and they will contact any applicant if his or her application is approved.
National Board for Small Scale Industry also stated that, applicants are to take note that, any approved Nkosuo loans attract a 2.5% one-time processing fee, and also a 7% annual interest to be paid to their selected bank. NBSSI concluded that, apart from these fees, there is no other fees apply.
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