Grow and Earn More (GEM loans)

Developed to encourage Nigerian women to key into agriculture and take it as a business.
  • The maximum loan limit under these products is N1million per beneficiary subject to technical determination of the scope and the input requirements.
  • The beneficiaries must be small holders with the required land for cultivation or any of the value chain products.
  • To facilitate unhindered access by these target groups, the beneficiaries need not have collaterals. In lieu of this, there will be collateral substitutes such as adequate and acceptable guarantors with verifiable income, NIRSAL Credit Risk Guarantee to cover 75% of loan delinquency.
  • The loans are accessible by individuals or groups. The individuals in the group can get N1 million each subject to technical determination of scope and financial requirements of the project.
  • Loans Period, Grace or Moratorium on the products will be determined based on the project type and the gestation of the project.
  • Interest Rate is12%.

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