₦airaland Forum

For those who applied for agric loan which the CBN and BOA organised. Anyone with any useful information of when it is likely that they disburse the loan?

go to BOA office around your location.
the one in Lagos is very close Africa/Fela Shrine, Alausa, Lagos
You can get the best of information there.

Ok. Thanks.

in addition to the previous information.
1. you must have a functional farm
2. you must run account with them for minimum of 6months before you can apply for a loan
3. they will give you 150,000 first
4. you must deposit 20% of the loan you are requesting for as part of collateral
5. you will also need 2 sound guarantors who can guarantee the sum of loan you are requesting for

once they give you the first loan and you perform well, they will give you 200k, then 250k (which is the maximum for an individual)

The stress in getting their loan is much but it worth it if you have not other means and you want to grow

goodkuck

fm7070:
in addition to the previous information.
1. you must have a functional farm
2. you must run account with them for minimum of 6months before you can apply for a loan
3. they will give you 150,000 first
4. you must deposit 20% of the loan you are requesting for as part of collateral
5. you will also need 2 sound guarantors who can guarantee the sum of loan you are requesting for

once they give you the first loan and you perform well, they will give you 200k, then 250k (which is the maximum for an individual)

The stress in getting their loan is much but it worth it if you have not other means and you want to grow

goodkuck

can some one withdraw his or her money deposited in the bank without taking a loan?