LOAN AMOUNT
Apply responsibly otherwise your application may be rejected. Processing may be faster for Students who apply below their maximum access limit i.e. ₦20,000 or less.
- ₦ 50,000 – Masters Student ONLY
- ₦ 40,000 – University Students ONLY
- ₦ 30,000 – POLYTHENIC and COLLEGE of EDUCATION
- ₦ 20,000 – For any of the Students above
- ₦ 10,000 – ONLY for Student using their parent as ‘REFERENCE A’
– Eligibility and Criteria
- Your PARENT(S) must be permanent residents of Iresa-Adu town.
- You must have attended Secondary School in Iresa-Adu and completed JSS1 to SSS3 in Iresa-Adu – must provide Secondary School Testimonial
- You MUST be a current HND, Degree or Master’s student in a University or Polytechnic or College of Education in Nigeria – must provide ADMISSION LETTER
- You must be a registered member with Iresa-Adu Progressive Student Union (IPSU) on or before 1 December 2023
Two(2) REREFRENCES required (below) – Loan Guarantor is NOT required.
- ‘REFERENCE A’ – For loan of ₦30,000 – ₦50,000 your ‘REFERENCE A’ cannot be your parent, it MUST be an elder within your family or a community leader or a recognised established individual living in Iresa-Adu willing to bear witness to your application. If unsure, contact VERIFIATION TEAM in Iresa-Adu. Examples include but not limited to, Micro-business owner (i.e Saloon Owner, Restaurant owner), Pastor, Imam, Councillor, Political Leader, School Principal, School Headmaster or an Association Leader, all must be permanent residents of Iresa-Adu. ‘Reference A’ CANNOT be your birth parent but must have the consent of your parent.
- REFERENCE ‘A’ for loan of ₦10,000 you can choose one of your parents as ‘REFERENCE A’ but they must consent to your application.
- ‘REFERENCE B’ must be your current Higher Institution ADMINISTRATOR.
– PROCESS
- Print and fill paper application form if you believe you have met all the criteria above
- Submit your loan the application in person and with your ‘REFERENCE A’ present as witness to the ‘LOAN APPROVAL COMMITEE’
- If your loan application is successful, you will be contacted by the Foundation and sent an email-link to complete the rest of your information online – you will need to upload your Secondary School Testimonial, current Admission Letter and bank details.
- Announcement will be made by the LOAN APPROVAL COMMITEE on the date you will be awarded your loan.
‘LOAN APPROVAL COMMITTEE’ are:
- Chief Aderenle
- Prince John Oladipo
- Prince Olakanmi Simon
- Hon. Odejobi Julius, Chief of Staff – Surulere Local Government
- Including Distinguished Royal and Religious Leaders of Iresa-Adu
10-people VERIFICATION TEAM led by:
- Prince Oyewunmi – Foundation Leader
- Prince Sunday Tunwagun– Project Team Leader
- Comrade Leye Adenco – Official Spoke Person for the ‘Student Relief Loan’ programme.
- President– Iresa-Adu Progressive Student Union (IPSU)
- Including YOUTHS from different sects within Iresa-Adu for transparency
PART A – PAPER APPLICATION
STUDENT should print and fill the paper form – follow the process above.
PART B: ONLINE APPLICATION – ADMIN ONLY.
Only VERICATION TEAM can access this area- you will be sent an email link.