NIRSAL Microfinance Bank (NMFB) is a Nigerian Financial Institution licensed by the Central Bank of Nigeria (CBN) to carry out specialized banking services.
NMFB was incorporated as a Private Limited Company in 2019 and commenced operations, following the grant of a National Microfinance Bank license by the Central Bank of Nigeria, in the same year.
The Bank is Owned 75% by the Bankers Committee, 15% by NIRSAL and 10% NIPOST.
Currently, NIRSAL Microfinance Bank has its headquarters in Abuja, with a network of 115 branches in all the states of the Federation.
NIRSAL Microfinance Bank Loans;
• AGRIC SMALL MEDIUM ENTERPRISE SCHEME (AGSMEIS);
Access up to N3M at 9% per annum from the Agric, Small and medium enterprise scheme (AGSMEIS), an initiative from Central Bank of Nigeria (CBN).
AGSMEIS Loan;
The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation.
HOW IT WORKS;
Get access to affordable loans to start and grow you business in 6 steps;
Get Trained;
Attend a compulsory training with a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).
Apply For Loan;
Create an account by clicking on ‘Apply now’ as an applicant, validate your BVN and select a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).
Receive Funds;
Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
Get Business Support Service;
The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially
Make Sales;
Sell products and services to pay back loan and make profit.
Repay Loan;
Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.
• ANCHOR BORROWERS PROGRAM (ABP);
Access the CBN’s Anchor Borrowers Program intended to create a linkage between anchor companies involved in the processing and small holder farmers (SHFs) of the required key agricultural commodities. Walk into any of our branches to apply.
The broad objectives of the ABP include:
• Improve access to finance
• Diversify the economy
• Create jobs and
• Inclusive growth.
For more information about Anchor Borrowers Program Click Here
NIRSAL Microfinance Bank Loans Requirements;
The following are the required documents and credentials you must have before you can access a NIRSAL Microfinance Bank Loans;
• Your Letter of Employment
• Pay slip
• Your staff ID card
• 6 months statement of your bank account
• Other valid means of ID like your National ID, Drivers’ licence etc
• A Utility bills
• 4 Passport photographs
• Guarantor Form
• Loan application form.
• Excellent Business Proposal (for SMEs)
• Letter of Application (for individuals)
How To Apply For NIRSAL Microfinance Bank Loans;
NIRSAL Microfinance Bank Loans Application is Online Via the link below;-
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