Latest News On Nirsal Microfinance Bank Loans For Today Monday 6th December 2021

Latest News On Nirsal Microfinance Bank Loans For Today Monday 6th December 2021

Welcome to Flippstack, we have covered the latest happenings on the Nirsal Microfinance Bank Loans in this article and due to questions we have been getting from applicants about the Loans, we decided to put up this article to update beneficiaries about the NMFB Loans.

Before we move further if you are looking for other Federal Government Loan Programmes That Application is Currently Ongoing, then kindly click HERE

Below are the latest news On Nirsal Microfinance Bank Loans For Today Monday 6th December 2021

You may also want to read Full List of NIRSAL Microfinance Bank (NMFB) Branches in Nigeria

1. NMFB Non-interest Banking Window Loan Beneficiaries Complains Of Not Being Able To Reach their Vendors On Phone

Nirsal Microfinance Bank NMFB has continued the approval of Non-interest Banking Window Loan as some beneficiaries complains of not being able to reach out to their assigned Vendors as disbursement continues.

NMFB disclosed on their official social media accounts last month where they stated clearly that their approved vendors have started distribution of the equipment, urging beneficiaries who haven’t received theirs to be patient as they will surely get their equipment.

However, some beneficiaries has disclosed their dissatisfaction of not being able to reach their Vendors as their phone numbers are not going through, thereby making it difficult for them to receive their equipment.

Although, Nirsal Microfinannce Bank has urged any beneficiary having such issue to contact them through their helplines: 09010026900-7 or send a mail to [email protected] to resolve such issue.

2. NMFB Clarifies Beneficiaries On 10,000 Payment in AGSMEIS Training Center

Nirsal Microfinance Bank (NMFB) has clarified AGSMEIS loan beneficiaries on the N10,000 which is paid during AGSMEIS training.

According to NMFB replying to one of the beneficiaries who asked about the payment on their Facebook account, they stated that it is for obtaining of entrepreneurial certificate which is part of the requirements while applying for AGSMEIS.

NMFB stated clearly that the certificate is not free of charge, therefore all beneficiaries are to pay for it in order to obtain the certificate.

You may also want to read Five (5) Federal Government Business Grants That Application is Currently Ongoing in 2021

3. Nirsal Microfinance Bank Sends New Notice To Non-Interest Banking Window Beneficiaries

The Nirsal Microfinance Bank (NMFB) has sent a new notice to clarify Non-Interest Banking Window Beneficiaries about the 25% mark-up of the loan facility which is meant to be paid back to the bank by the beneficiaries.

The NMFB disclosed the notice on their official Instagram account which they clarified the reason for the 25% mark-up on the NIB Loan and also stated that the loan is strictly for financing equipment/goods at a predetermined mark-up.

They also went further to state that the Non-Interest Banking Window is availed within the principles of the MURABAHA system of the Non-Interest Lending which means the loan is meant strictly for financing equipment/goods, there is no avenue for the release of cash under the Murabaha principle of non-interest lending.

That’s all for the Latest News On Nirsal Microfinance Bank Loans For Today Monday 6th December 2021, make sure to share this article and always come back from time to time for more updates.