Loan & Grant Update » Voice of Nigeria
SEIFAC Disbursement: Applicants Take Note
It’s been awhile applicants have been waiting for seifac disbursement after several months of application.
Seifac management are doing all possible to commence disbursement of funds to worthy applicants provided such merits the programme.
Seifac has recently commenced disbursement of Co-branded ATM Card for applicants to withdraw from their Heritage Bank Account.
However, there are a lot of messages applicants receives daily from unknown sources which could not be linked to seifac. One of such message demands applicants to pay sum of money after directing unsuspecting applicants to visit flutterwaves website to accept approval.
Dear applicants, your seifac loan has been approved. Visit the https://flutterwave.com/pay/seifac-loanapprovalnotice to accept your loan offer at any cyber cafe.
A keen verification could not attest that such mail comes from seifac. Applicants should be wary of mail they receive on their gadgets to avoid fraud.
Applicants also should wait for official information before attempting to take any action they seem fit.
Latest News on SEIFAC Disbursement Today
Seifac Loan News – We will share a communique sent to SEIFA SPC, an invitation to seifac co branded ATM Card Pre – Disbursement Meeting. Read on..
As a follow-up on our earlier communication on the above subject matter, we write to Invite you to attend the above meeting unfailingly. In the event the SPC is unable to attend this meeting, the State Secretary should represent the SPC for the interest of the state and SFIFAC cooperators. Details of the invitation are as stated below.
Venue: Giby’s Garden Sun City Estate Road, Abuja, Federal Capital Territory Note that the above link is a Google Maps geo-location reference for your guidance.
Time: 9:00 am
Prompt Date: Wednesday 26th January. 2022.
Your travel expenses (transport fares, feeding, accommodation, and transportation of your state’s SEIFAC CO
BRANDED ATM CARDS, shall be borne by you as an Out-of. Pocket Expenditure (OPE) which shall be paid back to you as the programme progresses.
Kindly reply to this mail to enable us plan logistics for your State’s SEIFAC Co-branded ATM Cards collection.
In seifac latest news today we bring you an update from by Heritage Bank of Nigeria in respect to seifac loans and ATM Card.
Applicants have been waiting endlessly for the disbursement of seifac funds and ATM Card for several months. This seems to be a mirage to applicants of seifac.
Many of the applicants seems to have lost faith in the SEIFAC programme even though there’s assurance of disbursement of funds and ATM Card.
Though, Heritage bank had earlier revealed that seifac ATM card would be distributed in January 2022 to all worthy applicants of the programme.
On Tuesday, an applicants had contacted seifac on possible distribution of ATM Card and funds to applicants.
In a swift response, applicants replied the applicants as appeared below.
SEIFAC REPLIED, THANK YOU FOR CONTACTING US. PLEASE BE INFORMED THAT THE BANK HAS ISSUED YOUR DEBIT CARD TO SEIFAC.
WE KINDLY ADVISE THAT YOU VISIT ANY OF THEIR AGENT LOCATIONS FOR ASSISTANCE REGARDING YOUR DEBIT CARD.
SEIFAC Loan & Grant Update: CBN To Disburse N12.5B This Week
Everything is ready to start allocating large funds to Farmers Agricultural Cooperative (SEIFAC) for the economic benefit of smallholders – a small farmers’ cooperative run by smallholder farmers.
CBN, a pioneer for smallholder economic interest farmers’ agricultural cooperatives, will raise up to 12.5 billion naira next week, according to the Office of the Accountant General of Federer
It brings together smallholder farmers who grow: the following nine (9) crops, namely rice, corn, sesame, cassava, jam, peanuts, bumbarnets, sorghum, and soybeans in the Federation and FCT Abuja, grown in groups and collectively. To take advantage of the economies of scale of internal cluster mobility to break out of extreme poverty
SEIFAC beneficiaries have already opened a bank account and provided an active debit card to use the funds. The disbursed SEIFAC loan / grant will be used:
Encourage a culture of trust, openness and mutual concern at work, an interesting and challenging experience for participants.
Create a value-oriented organization that responds better and more to the customer. A real commitment to transparency, accountability and fairness in theory and practice.
Acquire, adapt and adopt reliable, efficient and cost-effective technologies.
Supplying quality planting material for affordable production through joint ventures outside Nigeria and Africa and around the world.
Ensure growth in key and non-core sectors.
Provide farmers with high quality fertilizers at the right time and in the right quantities to increase crop productivity.
Make plants energy efficient and constantly review various energy saving schemes.
Commitment to health, safety, environment and forest development to improve the quality of life in the community.
Social responsibility for a strong social structure.
Institutionalize core values and foster a culture of team building, empowerment, and innovation that will contribute to employee growth and strategic goals.
Qualifications and requirements
The loan would be for smallholder farmers engaged in the production of identified products throughout the country.
Legumes (soybeans, sesame, cow beans, etc.);
Tomatoes;
Livestock (fish, poultry, ruminants, etc.);
And any other goods that CBN will offer from time to time.
Cereals (rice, corn, wheat, etc.);
Cotton;
Roots and tubers (cassava, potatoes, yam, ginger, etc.);
Sugar cane;
Tree crops (palm, cocoa, gum, etc.);
The Farmers should be in groups/cooperative(s) of between 5 and 20 for ease of administration.
