The COFU team is sponsored by Boeing India and implemented by the Learning Link Foundation (LLF). The Credit Outreach and Facilitation Unit (COFU), which is operating under the Investment and Development Authority of Nagaland (IDAN), serves as a facilitator for the people of Nagaland by providing educational programs on Financial Literacy, Banking, loan schemes, and Government- sponsored initiatives. This effort began after the visit of Smt. Nirmala Sitharaman, the Hon'ble- Union Minister for Finance & Corporate Affairs of the Government of India, on August 22, 2022, where she discussed Banking and Financial Literacy.

OBJECTIVE:

⦁ Spread Financial Literacy in Interior Villages and Districts (House to house)

⦁ Raise Awareness About Various Insurance Schemes

⦁ Educate People about Central Government Schemes

⦁ Prepare DPRs and Project Reports for Bank Loans

⦁ All activities carried out free of cost

⦁ Support Banks in Conducting Financial Literacy Camps

⦁ Contribute to Raising the Standard of Living.

COFU as an Educational Loan facilitating unit, offer a comprehensive suite of services which can significantly enhance the value proposition to students and their families. Here are some of the services COFU provide:

1. Financial Needs Assessment: Help students and families understand their financial needs and capacity.

2. Loan Options Guidance: Provide detailed information on various loan options, interest rates, repayment terms, and eligibility criteria.

3. Documentation Support: Assist in gathering and organizing necessary documents.

4. Application Filling Assistance: Help with filling out loan application forms accurately to avoid delays and rejections.

5. Follow-up Services: Monitor the application process and provide updates to applicants.

6. 24/7 Helpline: Provide round-the-clock support for any loan-related queries or issues.

7. Credit Education: Educate students about the importance of credit scores and how to build good credit.

8. Credit Monitoring: Offer tools for monitoring credit scores and improving credit health.