The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation.
The Nirsal Microfinance Bank (NMFB) opens an improved and more customer-friendly AGSMEIS Loan Application Portal via agsmeisapp.nmfb.com.ng.
Frequently Asked Questions
How do I access the loan AGSMEIS Loan?
Interested applicants are to visit the https://agsmeisapp.nmfb.com.ng/onboarding and create an account which will enable them start the application process, or visit any of the NMFB Certified EDIs to guide
What is the interest rate for this loan?
The interest rate is currently at five percent (5%) per annum.
Do I need collateral to access AGSMEIS Loan?
No, this loan scheme does not require a collateral.
Has disbursement started?
Yes we have disbursed over N95B and this is still ongoing.
Upon approval of my loan can the funds be released to me as I deem fit?
No. Your approved loan amount will be disbursed to your NMFB account. For the purchase of your equipment(s)/machineries, this will be handled by one of the NMFB’s certified Vendors while the working capital will be accessible through your account for withdrawal, upon meeting all terms and conditions