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The loan is designed to finance agricultural activities such as the purchase of inputs. infrastructure construction and development of the value chain.
Specific requirements for NIRSAL Agro Geo-Cooperative Loan may vary depending on the lender and the agricultural value chain in question. Generally the following types of requirements may apply:
Eligibility:
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This loan is only available to small-scale farmers and agricultural cooperatives located in specific states of Nigeria.
Engaged in specific agricultural value chains (eg crop production, livestock production, agro-processing).
Interested farmers or cooperative societies should also be willing to follow the specialized technical and extension services provided by NIRSAL.
The loan may need collateral.
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Land, machinery, or other assets can be used as collateral.
Financial statements for loans:
Financial records, tax clearance, audited accounts and other financial documents may be required for loan.
Business Plan
A detailed business plan utilizing the loan may be required.
This includes the specific agricultural activities that will be financed, the expected return on investment, and the repayment plan.
How To Apply The Loan
To apply this loan please visit the official website here >> Loan