- Developed to encourage Nigerian Youths to key into agriculture and take it as an investment or business.
- The maximum loan limit under this product is N1 million per beneficiary.
- The beneficiaries must be small holders as defined under the Nigeria Incentive Risk Sharing for Agricultural Lending (NIRSAL) guidelines.
- To facilitate unhindered access by these target groups, the beneficiaries need not have collaterals but must provide acceptable guarantors.
- 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.
- The loans can be access by individuals and groups in line with NIRSAL Credit Risk Guarantee (CRG) and Interest Draw Back Program (IDP).
- Loan period, Grace or Moratorium on the products will be determined based on the project type.
- NIRSAL provides 75% credit guarantee.
- Interest Rate 12%.
