NIRSAL Agribusiness Loan Facilitation Form Application 2020/2021: Apply/Register for agribusiness CRG loan

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NIRSAL Agribusiness Loan Facilitation Form Application 2020/2021: Apply/Register for agribusiness CRG loan – Do you want to apply loan for agribusiness? Are you looking for a fast loan for agriculture or farm? Do you want to register for SME fast loan? NIRSAL Agribusiness Loan Facilitation is the best loan option for you as it is powered by FG CBN. To apply for this fast soft loan – agribusiness loan facilitation, kindly use the application form link portal below.

Contents

About Agribusiness Loan Facilitation

To scale and expand your agribusiness often requires access to credit. NIRSAL’s Loan Facilitation services help you to structure your agribusiness finance and investment needs, understand your financial requirements and match your agribusiness (supported by NIRSAL’s Credit Risk Guarantee), with the appropriate finance and investment options you require.

What is CRG?

The NIRSAL Credit Risk Guarantee (CRG) is the core service provided by NIRSAL Plc. The CRG is an instrument issued to protect financiers and investors from possible losses in a finance/credit transaction through a risk sharing arrangement under which NIRSAL indemnifies the lender or investor of the Principal and accrued Interest to the limit of a pre-agreed CRG rate. The offer of the NIRSAL CRG serves as a comfort to financiers and investors, encouraging them to lend to the agribusiness.

How CRG helps in Agribusiness Loan Facilitation

The NIRSAL CRG secures agribusiness loans against losses over the life of the underlying credit contract between a financier and actors across all segments of the agricultural value chain. It covers credit in the form of term loans, and/or debt instruments such as short, medium, and long-term notes, excluding overdrafts.

The NIRSAL CRG also covers the credit risk of default on loan principal and the accrued interest. It is purchased at 1% (upfront payment) of the loan value and subsequent outstanding balances of the loan annually.

Steps on How to Apply for NIRSAL Agribusiness Loan Facilitation 2020

STEP 1 – Farmer/Agribusiness applies for a loan from a Commercial Bank and requests for NIRSAL CRG cover.

STEP 2 – Bank approves the loan and sends CRG request and relevant documents to NIRSAL on behalf of the farmer/agribusiness.

STEP 3 – NIRSAL reviews Bank’s request and checks documents for completeness, accuracy and validity.

STEP 4 – If documents are in order, NIRSAL and Bank conduct farm/site visitation and prepare a report which is subjected to NIRSAL’s internal approval process.

STEP 5 – Upon approval by NIRSAL and payment of CRG fee, NIRSAL issues CRG in favour of the Bank on behalf of the farmer/agribusiness.

STEP 6 – Bank disburses the loan to farmer/agribusiness and NIRSAL commences project monitoring through its nationwide Project Monitoring, Reporting & Remediation Offices.

AGRIBUSINESS LOAN FACILITATION FORM

To begin, fill in the required information below:

NOTICE: FOR LOANS OF N10MILLION AND BELOW, PLEASE CONTACT NIRSAL MICROFINANCE BANK

Requirements for Agribusiness Loan Facilitation

First name
Last name
Email address
Phone number
Gender: Male or Female
Home Address
Position in company
Registered company name
CAC Registration number
Business Address
State of Business Operations
Business registration date
Segment of business
Description of business
Years of operation
Average Monthly Business Turnover
Name of Bank
Years of relationship with bank
Loan amount required
Purpose of loan
Collateral description