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Nirsal microfinance bank: Branches, loans and services

by Baderinwa Adedamola
NIRSAL-Microfinance bank logo

Nirsal microfinance bank background information

Nirsal Microfinance Bank is a leading Nigerian financial institution licensed by the Central Bank of Nigeria (CBN) in Nigeria. The Company was incorporated as a Private Limited Company in 2019 and commenced operations following the grant of a license by the Central Bank of Nigeria to operate as a National Microfinance Bank in the same year.

The financial institution is a subsidiary of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.), a non-banking financial institution established in 2013 with a mandate to facilitate the free flow of affordable finance and investments to the agricultural sector.

Strategic Objectives of Nirsal Microfinance Bank

  • Drive Financial Inclusion
  • Access to cheaper and affordable funds by Nigeria smallholders farmers
  • Easy access to credit and other financial services for SMEs
  • Create jobs and enhance the skills of citizens in rural communities
  • Fill the Gap arising from the possible closure of some unviable MFB’s across Nigeria
  • Improve and grow the economy

Nirsal SME loans

Nirsal microfinance bank MD: Who is the head of operations

Abubakar Abdulahi Kure took over as the Acting MD of NIRSAL Micro finance Bank on January 26, 2020.

Nirsal microfinance bank branches in Nigeria

  • Nirsal Microfinance Bank Limited, Plot 1581 Tigris Crescent, Maitama, Abuja
  • Nirsal Microfinance Bank Limited, House 1, Plot 103 /104, Monrovia Street, Wuse 2, Abuja

NIRSAL-CBN-COVID-19-AGSMEIS-Loan-Application-Scheme

Nirsal microfinance bank transfer code

Nirsal microfinance bank does not have a registered transfer code. To use any of their services, simply log on to the Nirsal microfinance bank homepage.

Nirsal microfinance bank recruitment

To access information about Nirsal microfinance bank recruitment and its requirement, simply log on to the careers portal.

Nirsal microfinance bank loan application

The Nirsal microfinance bank loan is a credit system set up to help SMEs with finances. Applicants can obtain up to N50m for 7years with an interest rate of 9%. After applying through the loan application portal, a fixed sum of N10,000 is required for a compulsory entrepreneurship course. The business plan charge on the portal is N5000 only.

Nirsal microfinance bank loan image

Nirsal microfinance bank covid-19 loan

The COVID-19 loan was initiated by the Central Bank of Nigeria (CBN). It involves a N50 billion Targeted Credit Facility (TCF) that acts as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic. Applicants are required to enter their Bank verification number for background checks before proceeding to fill business details. 

Nirsal microfinance bank loan eligible applicants

  • Households with verifiable evidence of livelihood adversely impacted by COVID-19
  • Microenterprises: Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic
  • SMEs: Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic

Steps involved in the Nirsal microfinance bank COVID-19 loan

  • Submit an Application

Submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic. The process can be initiated on your phone, your tablet or your laptop.

  • Approval

We review your application and forward the application to the CBN for final approval.

  • Disbursement

CBN reviews applications and gives final approval for disbursement to NMFB

Nirsal microfinance bank account opening form

Nirsal Microfinance Bank Access Target Savings Accounts is for MSMEs and Individuals who wish to save regularly for a certain period to accomplish a purpose i.e shop rent, buy goods, purchase equipment, for festivities etc. A lien is put on the account with limited withdrawals by the account holder based on his instructions. The account has an opening balance of ₦1,000 and minimum balance of ₦500

Nirsal microfinance bank salary

The average salaries for NIRSAL Microfinance Bank is 103,366 Naira. This data was arrived at by comparing the salaries of top roles in the bank.

Author

  • Baderinwa Adedamola

    I am a content strategist, conversational copywriter, and brand consultant with over 2years of experience. I help brands reach their target audience through SEO articles and creative content that align with industry needs. I love cryptocurrencies, so I show it by writing. I possess 2years+ of experience in coordinating campaigns for brands through Email marketing and social media content creation. A firm believer that beauty lies in simplicity setting precedence for my close working activity as a UX writer with several product designers to create effective UI/UX.

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24 comments

yahaya musa 12th January 2021 - 11:29 am

Good day i apply for covid19 loan,and i never see alert pls i need help Thank u.

Reply
samaila tiwevery tizhe 14th January 2021 - 8:39 am

i apply for loan since last years august, my account has been created but my money has not be credited.
and i download the apps but i try to register keep show me error in process dont know why.
how about the loan shall i give out or keep waiting
if there is any code that can check balance let me know

Reply
Chris Obajuwana 15th January 2021 - 10:16 am

Good day. My inquiry is on the agric loan applied for last year. After subsequent interviews I am yet to get any message on approval. Please kindly update me on the status of the agric loan program. Thank you

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Dieke Matthias 20th January 2021 - 1:48 pm

I am one of the promising entrepreneurs who rounded off the training 2017 and sought for loan for existing business. I submitted my business plan online and reregistered as we were directed under the NDE platform. This was done since Nov. 2020. Am from Enugu state, uzouwani LGA

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Salman Isah 1st February 2021 - 6:02 pm

Pls. I received credit alert via NIRSAL wallet account instead of my personal account. How can I access the money from NIRSAL wallet account?

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Mohammed umar 4th February 2021 - 11:57 pm

Mohammed

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Nora 9th February 2021 - 10:05 am

I need the transfer code of Nirsal Micro finance bank

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Abbas zubairu 10th February 2021 - 8:18 pm

How can I found my account, I’m trying to found my account but can’t find my name

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Damilola 11th February 2021 - 1:40 pm

Please how do I transfer from my nirsal account?

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JOSEPH OLUSOJI FRANKLIN 14th February 2021 - 12:44 pm

account was created for me but no fund but on the 14th of february 2021 ,i got a message that i am yet to accept the fund ,please how do i go about this to access the fund.

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bola 13th March 2021 - 2:34 am

kindly send an email to their customer relations manager or visit their office. in all honesty, only a bank employee can help

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Seun 24th February 2021 - 7:29 pm

How do I change a wrong captured e-mail

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Kenneth 11th March 2021 - 12:02 am

Please how do I get my reference number or TCF number … Saved on my fone but got missing…Help pls

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bola 14th March 2021 - 4:55 am

Hi, I would strongly suggest you directly contact the bank or visit a branch near to you.

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Habibu Ibrahim 26th March 2021 - 7:18 am

Good day,I received your since last but I don’t know my account number with you ,how can I get it? Pls,send it to me through my email address or phone no.thanks.Habib Ibrahim

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JEREMIAH FELIX 26th April 2021 - 4:57 pm

pls i need a loan of 300000 for the period of one year to farm rice. this is my phone no 07089661955

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Kefas usman 30th April 2021 - 2:54 pm

Pls how can I get the nirsal transfer code??

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Chukwumeka Okeke 12th July 2021 - 11:33 am

How can loan be sent to a Nirsal account that was created in my name and stiil be transferred out of the account without my approval? Is this a fraud or deception? This is very unfortunate that this kind of scan can be happening in this country without any checks…. Your wistle blower postal can not accept any complian and I am very upset about the whole thing bcos my details was used in this fraudulent act. I was deceived to provide my private account number for the disbursement which was not used. How can a NIrsal account be created in with my details without my contro of the account? This is pure fraud!!!!

Chukwuemeka Okeke
08037855831

Reply
Koluojo 24th July 2021 - 9:24 pm

Thos app should be upgrade coz it’s not functioning properly.

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Uchehara marciliina c 14th August 2021 - 3:16 pm

How can loan be sent to a Nirsal account that was created in my name and stiil be transferred out of the account without my approval? Is this a fraud or deception? This is very unfortunate that this kind of scan can be happening in this country without any checks…. Your wistle blower postal can not accept any complian and I am very upset about the whole thing bcos my details was used in this fraudulent act. I was deceived to provide my private account number for the disbursement which was not used. How can a NIrsal account be created in with my details without my contro of the account? This is pure fraud!!!!

08062235216

Reply
Waje Gaius Katung 15th August 2021 - 7:18 am

How can i transfer the money dey credited from my nirsal MFB account to my personal account?

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Zainab 19th August 2021 - 10:31 pm

I received alart from Nirsal NMFB instead of my mean account

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Othman Ibrahim 2nd September 2021 - 2:23 pm

I applied for the covid 19 loan but I am yet to receive the money. Please what is wrong?

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Maryam Zubairu iliyasu 8th September 2021 - 8:18 pm

How can I recharge my line please

Reply

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