NMFB Launches New AGSMEIS Loan Application Portal, Here Is Link For Application

Last updated on August 6th, 2023 at 06:35 am

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Nirsal Micro Finance Bank (NMFB) has launched a new AGSMEIS loan application portal in order to make access to credit facility easier for Nigeria business owners.

AGSMEIS means Agri-Business Small and Medium Enterprise Investment Scheme which grants the best and most affordable loan in terms of interest to business owners in Nigeria.

It is a loan of 5% per annum with fund provided by Nigeria’s apex bank CBN through Nirsal Mirco finance bank and other commercial banks in Nigeria.

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It is an intervention credit facility that comes with almost a free Interest loan that targets households and businesses that has been affected by the coronavirus (COVID-19) Pandemic.

Recalled that the plan to launch a new application portal was announced on March 31, 2021.

“The new NMFB improved and customer-friendly AGSMEIS loan application portal. Coming Soon!” Nirsalmfb tweeted.

Nirsal micro finance bank has launched an improved and more customer-friendly agsmeis loan application portal as earlier promised.

What to expect on the new AGSMEIS portal

Applicants will be able to easily track their application process online

Applicants will be able to easily give feedback to nirsal at every level of the application process.

The new system will migrate all existing loan applications to the new portal

NOTE: The new application portal automatically replaces old web link and you are expected to use the new link. Find it HERE>>>agsmeisapp.nmfb.com.ng

Also Read:  Types of Bad Loans and Their Impact on the Lender and the Borrower

Required Documents for AGSMEIS Loan

In our earliest guide on the agric credit facility, we told you the documentation needed to obtain the loan, for those who are reading about this for the first time, here are some of the requirements:

Registered business (CAC certified) you can check our guide on how to register your business online.

BVN

Certificate of training from any Entrepreneurship Development Institution (EDI) recognised by CBN.

Key take away:

AGSMEIS credit facility came about as a quick response to the effect of the Covid-19 pandemic.

It’s one of the ways Nigeria’s government is diversifying the economy. Nigeria has relied heavily on crude for the past 50 years.

AGSMEIS loan is one of the ways to the economic recovery of the Federal Government even as unemployment continue to grow at an alarming rate.

We will keep you updated as the new portal is launched Watch out!

Author

  • InfomediaNG

    The Infomediang Team comprises a group of researchers, data analysts, and financial experts who closely follow government policies and spending. Our passion lies in empowering people to make informed decisions about their investments by simplifying data for easy understanding. Find us @infomedia_ng on X.

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