NMFB CBN Loan Application Form For AGSMEIS & COVID 19 Support
On this page, I am going to give you details on everything about NMFB CBN Loan including how to get the application form and apply for the AGSMEIS as well as the COVID-19 fund.
Without much story, I believe it is worthy to start with the meaning of NMFB so as to have an insight into what NMFB CBN Loan is all about to know which category suits each class of individual the most.
What Is NMFB?
NMFB is an abbreviation of ‘NIRSAL Microfinance Bank’ a leading Nigerian financial institution incorporated as a Private Limited Company in the year 2019 and was licensed to function as a National Micro Finance Bank by the Central Bank of Nigeria (CBN) to deliver transformative financial as well as non-financial services nationwide.
This simply means that NMFB is a National Microfinance Bank used by the Central Bank of Nigeria (CBN) to disburse loans and funds to qualified citizens who applied for the federal government CBN loan and relief.
A savings account can be created by any individual through NIRSAL Microfinance Bank Access Target Account (NAT) with an opening balance of one thousand (1000) Naira and a minimum balance of five hundred (500) Naira.
What Is NMFB CBN Loan?
NMFB CBN Loan is funds raised by the Central Bank of Nigeria (CBN) and its partners to be disbursed by the NIRSAL Microfinance Bank (NMFB) to support eligible beneficiaries in their agricultural businesses, enterprises, industries, as well as help qualified youths invest in their entrepreneurial skills. COVID-19 Support is also given.
The Loan is organized in different categories so as to suit different individuals with various skills and the categories are as follows:
- Agri-Business/ Small and Medium Enterprise Investment Scheme (AGSMEIS)
- Anchor Borrowers’ Program (ABP).
- COVID-19 Support For Household And Facility SME.
How To Get NMFB CBN Loan Application Form
To get the application form you have to check which category suits your skill and click on the ‘See Full Details’ link to get the application form and also see how to apply for NMFB CBN Loan.
Agri-Business/ Small and Medium Enterprise Investment Scheme (AGSMEIS)
As the name implies this category is intended for Agric, Small and medium enterprise scheme and the lucky beneficiaries can have access to up to 10 million Naira at 9% per annum.
See Full Details And Apply Here
Anchor Borrowers’ Program (ABP)
Anchor Borrowers Program is intended for anchor companies involved in the processing and small holder farmers(SHFs) of the required key agricultural commodities. To have access to this loan you would need to proceed to any NMFB branch nationwide to apply.
COVID-19 Support For Household And Facility SME.
This initiative was created to support households, micro, small and medium enterprises (MSMEs) affected by the COVID-19 Pandemic and such program including Nigeria Youth Investment Fund (NYIF).