National Microfinance Bank Loan app: App download, Signup, Login, how to apply, Interest Rates, loan ussd code, customer care
In the vibrant landscape of Nigeria’s business sector, NIRSAL Microfinance Bank, formerly known as the National Microfinance Bank, stands as a beacon of support for Small and Medium-sized Enterprises (SMEs). Established by the government, this financial institution plays a pivotal role in providing accessible funds and fostering economic growth. In this blog post, we’ll delve into the key aspects of NIRSAL Microfinance Bank, its services, eligibility criteria, and how SME owners can check the status of their loan applications.
Overview of NIRSAL Microfinance Bank
NIRSAL Microfinance Bank is driven by a mission to be an efficient national microfinance institution, offering affordable products and services in Nigeria through the use of appropriate technology and a motivated workforce. Licensed by the Central Bank of Nigeria and incorporated as a private limited company in 2019, the bank officially commenced operations the same year.
Services Offered by NIRSAL Microfinance Bank
The core focus of NIRSAL Microfinance Bank is to assist businesses in their growth journey. The primary services offered revolve around providing loans, with three main categories:
- Agric Small Medium Enterprise Scheme (AGSMEIS):
- Loan Amount: Up to N10 million
- Target Audience: Agric, small and medium-sized enterprises
- Interest Rate: 5%
- Eligible Industries: Creative and art, industrial and manufacturing, information and communication technology, hospitality
- Anchor Borrowers’ Program (ABP):
- Facilitates connections between major processing companies and smaller farms by providing loans to address transportation and storage issues.
- NIRSAL Microfinance Bank Access Target Account (NAT):
- Not a loan but a savings initiative for MSME owners.
- Opening Balance: N1,000
- Minimum Balance: N500
- Helps save for specific purposes, with restrictions on withdrawals based on an agreed-upon timeframe.
For detailed information on each loan, you can visit the official website.
Checking Loan Application Status
To check the status of your loan application, follow these simple steps:
- Visit the official website.
- Select the specific loan service you applied for.
- Click on “Track Application” and log into your account.
- Your application details will be available on your dashboard.
Contact Information
Reach out to NIRSAL Microfinance Bank through the following channels:
- Headquarters Address: House 1, Plot 103/104, Monrovia Street, Wuse 2, Abuja.
- Phone: +234 704 180 0003
- Email: info@nmfbng-website.azurewebsites.net
Alternatively, use the “Contact Our Support Team” dialogue on their official website to send a message.
Conclusion
NIRSAL Microfinance Bank, born out of the government’s commitment to supporting SMEs, has been instrumental in saving and growing numerous businesses. If you are an SME owner in Nigeria, exploring the loans provided by NIRSAL Microfinance Bank could be a transformative step towards achieving your business goals. Embrace the opportunities, and let NIRSAL Microfinance Bank be your financial partner on the path to success.