Frequently Asked Questions

  1. Who is Next Empowerment Foundation?

    Next Empowerment Foundation (“Next”) is a non-governmental organization (“NGO”) registered with the Corporate Affairs Commission, Nigeria, with registration number CAC/IT/No. 123828. Next is the future generation financial services microfinance institution that aims to improve financial inclusion by providing access to financial services to the underserved and unbanked spanning from Nigeria to the rest of Africa.

  2. Who can become a member of Next?

    Anyone can be a member of Next MFI. If you are below 18 years of age, you need the consent of your parent or legal guardian. 

  3. How can I register as a member?

    You can become a member by clicking on REGISTER on the menu bar and completing your personal information. You can also register through our mobile agents or from our Head Office. If you have our form in a document format, kindly complete and forward to members@nextmicrofinance.com

  4. How much do I need to register as a member?

    Minimum registration amount is N100

  5. Do I need a guarantor to open a Savings Account?

    No

  6. How do I credit my account?

    You can credit your account through online transfer using the details below, via our mobile agents or at our Head Office
    Account name: NEXT EMPOWERMENT FOUNDATION
    Account number: 1016181563
    Bank: Zenith Bank

  7. What are Next's interest rates?

    FIXED SAVINGS ACCOUNT

    SAVINGS SIZES (DAYS)90180270360
    N25K - N199K   5.00%
    N200K - N0.99M6.50%8.00%8.25%8.50%
    N1M - N9.99M7.00%9.00%9.50%10.00%
    N10M - N49.99M7.50%10.00%10.50%11.00%
    N50M & above8.00%11.00%11.50%12.00%

    SAVINGS ACCOUNT

    PRODUCTMinimum Account BalanceRate
    Next micro savingsN5002%
    Next savings plusN5,0004%

    Please note that rates are subject to changes based on prevailing market conditions

  8. How do I withdraw from my account?
    1. By using your card - please inform us ahead of any withdrawal
    2. Via our mobile agents
    3. From our physical location
  9. What types of loans does Next offer?

    Next provides group loans, individual loans and business loans.

  10. How do I apply for a loan?

    Get in touch with us here, one of our advisors will be happy to walk you through the application process.

  11. How do I repay my loan?

    You can repay your loan through our Direct Sales Agents, at our head office, or at any of our partner bank branches.

  12. Can I reduce the repayment duration?

    Yes, you can. Please speak to one of our Client Support Officers (CSOs) to agree on a repayment duration that best suits you.

Can't find your answer? We're here to help! Feel free to contact us at enquiries@nextmicrofinance.com​

Contact Us
God with us Plaza
Bogije Bus stop
Ibeju-Lekki, Lagos
Nigeria.

234-706-418-7219
enquiries@nextmicrofinance.com
Mon – Fri: 9am – 5pm

Copyright © 2019 Next MFI, All Rights Reserved

    Next Empowerment Foundation (“Next”) is a non-governmental organization (“NGO”) registered with the Corporate Affairs Commission, Nigeria, with registration number CAC/IT/No. 123828. Next is a national member of the Association of Non-Bank Microfinance Institutions of Nigeria. Next is the future generation financial services microfinance institution that aims to improve financial inclusion by providing access to financial services to the underserved and unbanked spanning from Nigeria to the rest of Africa. Next aims to provide sustainable products and services at an affordable cost to its members, while using technology and leveraging best-in-class platforms to promote efficiency and deliver outstanding service.

    ADDRESS

    God with us Plaza
    Bogije Bus stop
    Ibeju-Lekki, Lagos
    Nigeria.

    PHONE

    +2347064187219

    EMAIL

    enquiries@nextmicrofinance.com