NIRSAL Urges Unsuccessful Loan Applicants to Re-apply

Biodun Dare FRCN

The NIRSAL Micro-Finance Bank which manages the Agribusiness/Small and Medium Enterprise Investment Scheme (AGSMEIS) of the Central Bank of Nigeria says applicants who got a reject message can re-apply.

It says such applications can be resubmitted with a business plan tailored to the new maximum of three million naira threshold at no cost to them.

In a statement, the NIRSAL management also said the AGSMEIS loan application process is individual-based and that no mandatory extra fees are charged after the completion of entrepreneurship training.

It says till date, the Bank has disbursed the sum of one hundred and one billion naira to over twenty-six thousand AGSMEIS applicants across the six geo-political zones in the country with emphasis on even spread.

It adds that it is false to claim that applicants from the South East are marginalized under the scheme as the process is not only transparent but also ensures that successful applicants are Nigerians who are well experienced in their line of business and have met with the criteria set out for lending.

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