NIRSAL Microfinance Bank was set up to deliver CBN intervention loans to the people commercial banks ignore: smallholder farmers, agro-processors, artisans and small businesses. Amounts range from small working-capital loans to multi-million-naira facilities for registered SMEs.
Who qualifies
- Nigerian individuals and registered businesses in agriculture, agro-processing and other SME sectors
- A BVN, valid ID and verifiable address
- For SME products: CAC registration, TIN and bank statements
- For some products: membership of a cooperative or a completed EDP
The application
Applications run through the NIRSAL MFB portal and branches. You describe the business, the amount, the purpose and your repayment plan; agricultural applications are expected to follow the production cycle (inputs now, repayment after harvest). Approval depends on a credible cash flow and on your credit history — settle any outstanding loans first.
Prepare like a professional
Write the plan around the production cycle with real local prices, a monthly cash-flow table and a clear use-of-funds list. The GrantPilot generator (Financial Projection option) builds these tables; the Readiness Score shows how a credit officer will read them. See the live NIRSAL and CBN listings on the Nigeria agriculture funding page.
Put this into practice
Search verified opportunities, score your plan and get deadline reminders — free to start.