It is good news for applicants of the SEIFAC Loan as the Smallholder Economic Interest Farmers Agricultural Cooperative (SEIFAC) management has announced that all members can now collect their ATMs.
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News on SEIFAC Loan ATM Card Collection
This information came out through the official SEIFAC website on January 29th, 2022 and it became effective on 30th January 2022. The SEIFAC Loan ATM Card Collection is now active and running.
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This means that the long-awaited customized ATM cards for the SEIFAC loan are now out for collection.
Based on the information released by the SEIFAC official on the cooperative website it is stated that the ATM cards will be distributed between Monday 31/01/2022 to Monday 21/02/2022 respectively.
The National Programme Coordinator of SEIFAC, Mr. Patrick Abur made the announcement on Friday to reassure all the waiting SEIFAC through the media that they will be able to collect that ATM cards evenly.
SEIFAC Loan ATM Card Collection: How to Collect Yours
As directed, the circular SEIFAC Cooperators have been instructed to visit their respective SEIFAC LGA Desk Office or Agent location with a valid for ID (Identity cards) and the sum of N500 (Five Hundred Naira) only as this is needed for logistics cost for collection of the SEIFAC customized ATM cards.
For those waiting for Npower Nexit Loan Programme Training, it is out now you can learn how to prepare for Nexit training.
The statement revealed that the card maintenance fee charge deduction on SEIFAC cooperators’ accounts is because the card was being issued and is given to a vendor for co-branding after which the arranging of cards for distribution.
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Also considering the number of cards involved in order to match up with such logistics requires a great deal of time consequently the delay in the distribution of the ATM cards.
SEIFAC Management Announcement :
The SEIFAC management mentioned the below on the SEIFAC Loan ATM Card Collection:
“After we ensure the total delivery of the produced cards then we shall execute the bulk activation of the cards for our respective cooperators’ dashboard to start a transaction with accounts and await the disbursement effectiveness of SEIFAC”.
The SEIFAC Co-Branded Cards are meant for states like Gombe, Sokoto, Borno, Abia, Enugu, Rivers, Delta, Anambra, Imo, and the Ebonyi States are still going through various phases of logistics and will be delivered in the next batches of Card Distribution.
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The SEIFAC Coordinator has approached applicants who have not activated their SEIFAC Project Wallet Account Number (SPWAN) can do as such within the time span to benefit and to the people who are anticipating the opening of their SPWAN by Heritage Bank PLC should exercise patience to the end of the first quarter of the year.
Conclusion
If you are yet to activate your SEIFAC Project Wallet Account Number, you should do now that there is an opportunity.
For those waiting for the ATM cards collection, you can now consult with your SEIFAC LGA in your state to get started with picking up your cards.
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