Last Updated on September 9, 2021 by Ope Quadri
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.
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
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.
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!
Ope is the co-founder of InfomediaNG. He’s a researcher whose interests cut across real estate investment, stocks, financial technology, and youth empowerment. He’s awesome in Content Marketing and SEO. Favourite Tools: Google Analytics, Canva, RankMath, UberSuggest