NIRSAL Targeted Credit Facility SME Loan Application Form 2020

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NIRSAL Targeted Credit Facility SME Loan Application Form 2020: NIRSAL Plc is calling on all smallholder farmers, farmer leaders and aggregators to take advantage of the NIRSAL AgroGeoCoop formation exercise which is currently structuring smallholder farmers for access to finance, training inputs, markets and more.

This is to inform the general public that NIRSAL PLC is calling on all smallholder farmers, farmer leaders and aggregators to key into its Agro Geo-Cooperative model created for the purpose of sustainable farm/field structuring and governance, to enable sustainable access to finance, quality inputs and structured markets through NIRSAL’s facilitation.

SEE ALSO: How to Apply CBN N50bn COVID-19 Intervention Fund

The exercise aims at creating 16,000 Agro Geo-Cooperatives (ranging from 10 hectares to 20,001 hectares and above) on 4 million hectares of farmland and enrolling about 8 million farmers across Nigeria who is expected to produce about 12 million metric tonnes of Grain Product Equivalent (GPE) annually over the medium to long term.

RELATED: CBN N50bn COVID-19 Fund Disbursement Begins Thursday

The NIRSAL Targeted Credit Facility SME Loan Application Form – CBN 50 Billion COVID 19 Support.

In line with this, Community Leaders, Individuals, Enterprises, Corporate Bodies, Graduates, N-POWER Beneficiaries, Active and Retired leaders and farmers in the ADP programme, World Bank FADAMA Programme, USAID MARKETS Programme, IFAD Value Chain Development Programme, The World Bank Climate Adaptation and Business Support Programme, AfDB Agric Programmes, the DFID’s Propcom Maikarfi Programme, the SASSAKAWA Global 2000 Programme and others that meet NIRSAL PLC’s eligibility requirements and who are domiciled in or have access to their communities and farmers, are encouraged to take advantage of this opportunity as a means of employment and a source of income generation through supporting the productive activities of their self-organized Agro Geo-Cooperatives.

Grow Your Business With NMFB, Your True MSME Partner – NIRSAL.

What is AGSMEIS?

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 Does the AGSMEIS Loan Work (NIRSAL Loan)?

Step 1: Get Trained, Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).

Step 2: Apply For Loan The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Step 3: Receive Funds Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 4: Get Business Support Services The Entrepreneurship Development Institute assists you to implement a business plan and provide business support services commercially.

Step 5: Make Sales Sell products and services to pay back the loan and make a profit.

Step 6: Repay Loan Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.

Apply for NIRSAL Loan here > https://nirsalmfb.caderp.com/Account/Register

Targeted Credit Facility – SME Loan Application Form – CBN 50 Billion COVID 19 Support here

Support: [email protected], +2347041800003

Frequently Asked Questions – AGSMEIS Loan.

  1. How do I access the Loan? – Get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.
  2. What is the interest rate for this loan? – The interest rate is nine per cent (9%) per annum.
  3. Do I need collateral? – No, this loan scheme does not require a collateral.
  4. How long will it take to receive funds? – This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement takes six(6) to eight(8) weeks.
  5. Has disbursement started? – Yes, we have disbursed over N25B and this is still ongoing.

List of Head PMROs and ZCCs.

 



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