NIRSAL Microfinance Bank Agric Loan 2026 - N10 Million

NIRSAL Microfinance Bank (NMFB) is providing accessible and affordable agricultural financing to Nigerian farmers, cooperatives, and agribusinesses under the Central Bank of Nigeria Anchor Borrowers Programme and other Federal Government agricultural financing initiatives. This is one of the most important funding opportunities available to Nigerian farmers and agribusiness operators in 2026. About NIRSAL Microfinance Bank NIRSAL Microfinance Bank is a national microfinance bank licensed by the Central Bank of Nigeria (CBN) and wholly owned by NIRSAL Plc — the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending. The bank was established specifically to provide financial services to Nigerian farmers and rural communities who are typically underserved by conventional commercial banks. NMFB operates branches and agent networks across all 36 states and the FCT, making agricultural financing accessible to farmers in even the most remote communities in Nigeria. Loan Products Available Anchor Borrowers Programme (ABP): This is the flagship programme of the CBN that links smallholder farmers to anchor companies. Under this programme farmers receive loans in the form of farm inputs including seeds, fertilizers, agrochemicals, and farming equipment rather than cash. The inputs are provided at the beginning of the farming season and farmers repay in produce or cash after harvest. Interest rate is 9% per annum. Individual farmers can access loans from N500,000 to N10,000,000. Agri-Business Small and Medium Enterprise Investment Scheme (AGSMEIS): This programme supports entrepreneurs in agriculture and non-farm agribusinesses at an interest rate of just 5% per annum. Loan amounts range from N500,000 to N10,000,000 for individuals and up to N50,000,000 for cooperatives and enterprises. Repayment period is up to 7 years with a moratorium of up to 18 months. COVID-19 Targeted Credit Facility (TCF): This facility provides loans to households and small businesses negatively affected by the COVID-19 pandemic with the aim of supporting economic recovery. Interest rate is 5% per annum. Eligible Applicants NIRSAL Microfinance Bank loans are available to smallholder farmers, medium-scale farmers, agricultural cooperatives, agro-processing businesses, and rural entrepreneurs across Nigeria. Applicants must be Nigerian citizens with a valid BVN and means of identification. For agricultural loans a valid farmland lease agreement or land ownership document is typically required. For AGSMEIS loans applicants must complete a mandatory entrepreneurship training through an approved training institution. Crops and Livestock Covered The Anchor Borrowers Programme covers a wide range of crops and livestock including rice, maize, wheat, cotton, cassava, tomato, soybeans, cocoa, groundnut, palm oil, poultry, fish farming, dairy farming, and many others. Nigeria aims to achieve food self-sufficiency and NIRSAL loans are a key tool in achieving this goal. How to Apply Visit any NIRSAL Microfinance Bank branch in your state with the following documents: valid means of identification (National ID, Drivers Licence, International Passport or Voters Card), Bank Verification Number (BVN), passport photographs, farmland documents or lease agreement, and a viable business plan for AGSMEIS loans. You can also apply through the NMFB online portal at nirsal.com or nmfb.com.ng. Important Note NIRSAL Microfinance Bank does not charge any upfront fee for loan applications. Beware of fraudsters who may approach you claiming to process NIRSAL loans for a fee. All legitimate NIRSAL loan applications are free to submit. Visit micrise.com.ng daily for more grants, loans and funding opportunities for Nigerian farmers and entrepreneurs.