Dear Nigerians, Application Portal For CBN-backed NIRSAL Loan Is Up And Running, See Simple Steps To Get Money Paid Into Your Account

On Wednesday, the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Microfinance Bank through its known Twitter handle announced to customers that the loan application portal “is up and running”.

Dear customers, the loan application portal is up and running. Please continue your application process pic.twitter.com/lIFQUzSLgs

— Nirsal Microfinance Bank (@NirsalMFB) March 10, 2021

The lender also urged Nigerians to “please continue your application process”.

NIRSAL Microfinance Bank is a Central Bank of Nigeria (CBN) licensed institution offering loans for multiple purposes in the country.

AllNews understands that earlier on Wednesday a technical downtime was experienced on the NIRSAL portal, a challenge the organization hinged on “third-party validation services pertaining to loan application”.

NMFB Management assures all applicants that the Bank and her partners are working relentlessly to ensure this is resolved within the shortest time possible and will communicate same. Thank you. pic.twitter.com/LeY49Snkhj

— Nirsal Microfinance Bank (@NirsalMFB) March 10, 2021

AllNews can authoritatively report that since it became widely-known last year (2020), NIRSAL Microfinance Bank has disbursed over N25 billion, and this is still ongoing.

Simple steps to receive NIRSAL Loan

Step 1: Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).

Step 2: The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan.

Step 3: Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

READ ALSO: CBN ABP: NIRSAL Deploys Agro Geo-Cooperative Model To Support North-East Economy

Step 4: The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.

Step 5: Sell products and services to pay back loan and make profit.

Step 6: Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.