SEIFAC Loan Approval Update – SEIFAC is on the brink of disbursing loan to applicants.
Earlier in 2021, SEIFAC invited qualified Nigerians to applied for farmers loan to boost their Agricultural activities in Nigeria. The loan application was well attended to by young Nigerians in the 36 states of the federation including the federal capital territory (FCT).
Months after the application, applicants are left in limbo, waiting patiently for SEIFAC loan disbursement. It’s been seven months now that application has expired and no useful statement coming from SEIFAC to applicants.
SEIFAC Loan Approval Update – Approval Updates
There are indications that SEIFAC is ready to disburse loan to applicants that merit the anchor borrowers program. Some applicants have started receiving approval updates from SEIFAC on their mobile phone.
The approval mail is been sent out to the phone number applicants supplied during application in February. The information contained in the message instructed applicants to accept or reject their SEIFAC loan offer on Flutter Wave.
Before the SEIFAC loan would be disbursed, there is one more step that would need to be fulfilled by applicants. This is very essential for applicants to receive loan as expected. The one step is discussed below.
SEIFAC Loan Approval Update – SEIFAC to Launch Co-branded ATM Cards, Target 60,000 Farmers
In a bid to enhance commercial farming activities in thé country as one of the core objectives of the federal government, the management of small holder economic interest farmers Agricultural cooperation (SEIFAC) in partnership with it’s participating financial institution (PFI), Heritage Bank Limited is putting concluding plan to launch a Co-branded automated teller machine (ATM) cards for smooth financial transactions.
Speaking with the national programme coordinator on Thursday, Me Patrick About stated that the ATM card idea was introduced to ease financial activities of their cooperative members and to serve as a tool for identification.