NIRSAL Microfinance Bank, also known as NMFB, is a subsidiary of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL). NIRSAL was established and incorporated in 2011 and 2013, respectively, by the Central Bank of Nigeria (CBN) to facilitate the flow of finance and investments into fixed agricultural value chains. In this piece, we shall look into the NIRSAL Microfinance Bank Login Portal and the list of loans you can get from the bank.
The primary aim of creating NIRSAL is to address the causes of low funding in the agriculture sector.
NIRSAL Microfinance Bank has become one of the leading banks operating in Nigeria, fully accredited by the Central Bank of Nigeria to offer loans for different purposes. One of these loans is the Nirsal covid-19 loan, **Click Here to get more information about the scheme.
So, if you are interested in Micro savings, loans or a school targeted loans, NMFB got you covered. With over 120 branches across Nigeria, NIRSAL Microfinance Bank is committed to delivering exceptional financial services to every nook and cranny of Nigeria.
NIRSAL Microfinance Bank Login Portal For Loans
If you are interested in getting loans from NMFB, the bank offers the following products:
The NIRSAL AGSMEIS loan is an agric loan that offers up to N10 million to Micro, Small and Medium-scale Enterprises (MSMEs) in Nigeria.
To be eligible for this loan, you
business must be involved in;
- Creative/Art industries: fashion, beauty, apparel and textile, arts and entertainment.
- Industrial/Manufacturing: automobiles, agriculture and allied processing.
- Information/Communication Technology: telecommunication, media & publishing.
- Hospitality: catering, event management.
NMFB charges a single-digit interest of up to 9% per annum.
They don’t require any collateral
The Anchor borrowers’ program is the Central Bank of Nigeria loan aimsed at creating and fostering a link between companies that involves in the processing sector and small-scale farmers who deal in essential agricultural commodities.
3. NMFB Access Target Account
It is a saving scheme that targets micro, small, and medium-scale enterprises (MSMEs), as well as individuals, looking to cultivate a healthy saving culture. Through this scheme, NIRSAL Microfinance Bank ailllds its customers in saving for a variety of specific reasons, such as rent, purchase of goods, purchase of equipment, or even for festivities.