NIRSAL Microfinance Bank
Nigeria
Founded in
2019 (7 Years)
Founded
Last online: No recent activity
OVERALL SCORE
Others
3/10
Reviews
54/90
36 reviews
Provided by TrustFinance
OVERALL SCORE
Others
3/10
Reviews
54/90
36 reviews
Provided by TrustFinance
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Security Information
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know NIRSAL Microfinance Bank
Company Information
Get to know NIRSAL Microfinance Bank
NIRSAL Microfinance Bank (NMFB) is a Nigerian bank licensed by the Central Bank of Nigeria (CBN). It was established as a strategic partnership between the Bankers’ Committee, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), and the Nigerian Postal Service (NIPOST). The bank's core mission is to enhance financial inclusion and foster economic growth by providing affordable credit and tailored financial products to individuals, households, and micro, small, and medium-sized enterprises, with a significant focus on the agricultural sector.
Industry
- Financial BankingPRIMARY
- Financial Other Service
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Reviews
Highlight Review
Review Analytic
A
ndalimanahmed18
Direct
Excellent
Overall Thought
NIRSAL Microfinance Bank has been a precious companion in my monetary journey, especially in assisting micro, small, and medium-sized enterprises (MSMEs) and selling monetary inclusion.Their attention on agricultural financing is commendable. NIRSAL MFB performs a critical position in empowering farmers and rural groups through offering get entry to to much-wanted monetary assets for agricultural activities.
Aug 28, 2023
Echo
Direct
Excellent
Overall Thought
NIRSAL Microfinance Bank has been a valuable partner in my financial journey, particularly in supporting micro, small, and medium-sized enterprises (MSMEs) and promoting financial inclusion.Their focus on agricultural financing is commendable. NIRSAL MFB plays a vital role in empowering farmers and rural communities by providing access to much-needed financial resources for agricultural activities.
Aug 26, 2023
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