Foodfarmnewstv

FADAMA 111 PROJECT ADDITIONAL FINANCING

FADAMA 111 PROJECT ADDITIONAL FINANCING
supporting farming as a business with focus on Rice, Cassava, Sorghum and Tomato value chains.

Search This Blog

Total Pageviews

SPONSORED

SPONSORED
Nigerian Institute of Soil Science- NISS

Translate to Other Languages

Latest News




The Nigerian Agricultural Quarantine Service (NAQS)

Monday 14 August 2017

Farmers’ cooperative demand 10 million naira loan of NIRSAL/RUFIN

Image result for images of farmers
farmer

Many different farmers’ cooperatives across the six geo political zones of the nation that have submitted applications for the Central Bank of Nigeria (CBN) ten million naira loan for agricultural activities for the 2017 rainy season farming are yet to collect the said amount even when certification have been issued with 10% down payment of deposit in the Association of Non-Bank Microfinance Institute of Nigeria (ANMFIN).
This loan is meant for 2017 rainy season cultivation towards increased agricultural productions by farmers’ cooperative groups across the federation, but up to this point the money which have been processed through application of forty thousand naira paid into ANMFIN since last September with certificates issued without any kobo given to anybody as promised through the apex bank of the country.
Already we were told that Nigerian Incentive-Based Risk Sharing System ( NIRSAL) and Rural Financing (RUFIN) have given collateral to those that qualified to get the N10 million  as the files of people that were not qualified were returned.
Sources revealed to us that about 350 applications across the six geo political zones may have been submitted for approval of the loan with each cooperative group paying a total of N200.000.00 being for consultancy fees, and N42, 000.00 for certification aside 10% deposit of the ten million naira loan promised by CBN.
Many farmers’ cooperative are already complaining as our source told us that a particular region from the Southern geo political zone is already planning to protest the non-payment of the loan since last year September, and the whole process in going to a year with our deposits yielding interest.   
The interest rate on the loan is expected to attract a single digit of 5-6% for farmers’ cooperative, but in less than two months the promised made will be one year with no solution to get the loan in sight, just as the rainy farming is almost coming to an end, said one of our sources.

Nobody at RUFIN wants to say anything as the director who head the place was not on seat.

2 comments:

  1. $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
    Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
    Email: shadiraaliuloancompany1@gmail.com

    LOAN APPLICATION DETAILS.
    First Name:
    Last Name:
    Date Of Birth:
    Address:
    Sex:
    Phone No:
    City:
    Zip Code:
    State:
    Country:
    Nationality:
    Occupation:
    Monthly Income:
    Loan Amount:
    Loan Duration:
    Purpose of the loan:
    Email: shadiraaliuloancompany1@gmail.com


    $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
    Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
    Email: shadiraaliuloancompany1@gmail.com

    LOAN APPLICATION DETAILS.
    First Name:
    Last Name:
    Date Of Birth:
    Address:
    Sex:
    Phone No:
    City:
    Zip Code:
    State:
    Country:
    Nationality:
    Occupation:
    Monthly Income:
    Loan Amount:
    Loan Duration:
    Purpose of the loan:
    Email: shadiraaliuloancompany1@gmail.com

    ReplyDelete
  2. Hello Everyone,

    Welcome to the future! Financing made easy with Prof. Mrs. DOROTHY LOAN INVESTMENTS

    Have you been looking for financing options for your new business plans, Are you seeking for a loan to expand your existing business, Do you find yourself in a bit of trouble with unpaid bills and you don’t know which way to go or where to turn to? Have you been turned down by your banks? MRS. DOROTHY LOAN INVESTMENTS says YES when your banks say NO. Contact us as we offer financial services at a low and affordable interest rate of 2% for long and short term loans. Interested applicants should contact us for further loan acquisition procedures via profdorothyinvestments@gmail.com

    Services rendered include:

    *Refinancing Loans
    * Car Loan
    *Truck Loans
    * Home Loan
    * Mortgage Loan
    * Debt Consolidation Loan
    * Farm Loan
    * Business Loan [secure and unsecured]
    * Personal Loan [secure and unsecured]
    * Students Loan and so many others.

    For more info; Contact us via Email: profdorothyinvestments@gmail.com

    With Prof. Mrs. DOROTHY LOAN INVESTMENTS. you can say goodbye to all your financial crisis and difficulties as we are certified, trustworthy, reliable, efficient, fast and dynamic

    ReplyDelete