Latest News On Nirsal Microfinance Bank Loans For Today 26th December 2021 can be accessed below…
Welcome to GoldenNewsNg, we have gathered all the latest happenings on the Nirsal Microfinance Bank Loans which we will be sharing with you in this article, so make sure you read until the end.
- NIRSAL MfB disburses N503bn loansNIRSAL Micro Finance Bank (NIRSAL MfB) has disbursed loans valued at over N503.3 billion to over 881,000 Nigerians and businesses.
Data from the institution indicated that most of the facilities were granted under the COVID-19 Intervention Fund released by the federal government to cushion the effect of the COVID-19 pandemic on households and small businesses.
Some of the beneficiaries included individuals and families whose bread winners lost their jobs in 2020 as a result of the COVID-19 pandemic.
They were made up of 612,321 households that received loans ranging from N250,000 to N1 million totalling N240.1billion.
Similarly, about 103,185 Small and Medium Enterprises (SMEs) received loans valued at N104 billion between 2020 and December 2021.
Households that are Non-Interest Beneficiaries (NIB) of the NIRSAL MfB loans numbering 21,027 have so far secured facilities amounting to N9.091 billion.
Small and Medium Enterprises under the Non-Interest scheme (NIB SME) numbering 2,710 have accessed N1. 057 billion while 31,067 Agric Small Medium Enterprises Scheme (AGSMEIS) beneficiaries have accessed N116 billion from NIRSAL MfB in the past one year.
In 2021 alone 23 groups have showered awards on NIRSAL MFB recognition of the MicroFinance Bank’s efforts to provide liquidity for seriously impacted households and businesses.
Many groups and agencies have in the course of 2021 given NIRSAL MfB awards for making these loans available to Nigerians.
They include: Public Service Bank of the Year 2021 Award to NIRSAL MFB from the National Public Service Awards and Summits
Speaking on the awards, Managing Director/ Chief Executive Officer of NIRSAL MFB Mr Abubakar Abdullahi Kure said “NMFB makes sure that all the six- geopolitical zones are beneficiaries to promote financial inclusion”. In disbursing the loans, Kure noted that “women are also highly considered”
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Monetary Policy Committee Urges CBN To Continue TCF Loan
The Monetary Policy Committee (MPC) has in its last meeting in Abuja urged the Central Bank of Nigeria to continue its support to Nigerians through the COVID19 Targeted Credit Facility Loan, to ensure that more people benefit from the programme.
The Managing Director/ Chief Executive Officer of NIRSAL Microfinance Bank, Mr. Abubakar Abdullahi Kure, disclosed the new development while speaking on Awards received by the bank for its excellent services to Nigerians.
The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele said the Committee was impressed with the Targeted Credit Facility (TCF) “for its contribution to alleviating poverty at the grassroots”, Kure emphasized.
Individuals and families whose breadwinners lost their jobs as a result of the Coronavirus (COVID-19) pandemic in 2020 were among the recipients of the Household Loan under the COVID19 TCF.
- Successful Completion of AGSMEIS Application Process is Not A Guarantee For Loan Approval – NMFBNirsal Microfinance Bank has revealed that successful completion of the AGSMEIS application process is not a guarantee that the beneficiary’s loan will be approved.NMFB disclosed this on their official Facebook page when replying to an angry AGSMEIS applicant who narrated how he has paid and undergone the necessary AGSMEIS training and also went further to do an online assessment test but yet his Loan is not yet approved.
Replying to the applicant, NMFB stated:
“Dear Harry, please note that successful completion of the application process is not a guarantee for the loan, as all successful applications submitted must meet the bank’s risk acceptance criteria. Thank you.”
However, the AGSMEIS Loan portal is still open for new applications, to get full details and procedures on how to apply, kindly click HERE
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