Home BusinessLoan SEIFAC Loan Update: All About Disbursement and Payment

SEIFAC Loan Update: All About Disbursement and Payment

For applicants that are curious about the SEIFAC Loan Disbursement, take your time to read this carefully. Read on below...

by Eniola Samuel
SEIFAC Loan Update

Based on the information reaching us directly from the Federal Government SEIFAC Loan update status, the SEIFAC loan which had been long delayed will soon be paid.

All applicants have been worrying as to when the loan payment will be made so that they put it to use, this article will enlighten on the next step in the loan procedures.

As mentioned by the Federal Government, the SEIFAC Loan disbursement will begin in 3 weeks’ time meaning that the SEIFAC Loan will be disbursed to successful applicants soon.

Read Also: How to Apply For TheoBarth Global Foundation Grant

The SEIFAC has also posted to all applicants that the anchor borrowers programme has commenced and it is collecting data for the 2022 wet cropping season which is meant for all Smallholder Farmers and Cooperatives across the country.

This programme is for farmers to farm in Agricultural Production Clusters (Agro-PCs) which is a farming model created with the aim of addressing the challenges that Smallholders Farmers faced when farming individually at small scale production.

What is SEIFAC Loan?

SEIFAC full meaning being Smallholder Economic Interest Farmers Agricultural Cooperative – is a cooperative of Smallholder Farmers created by Smallholder Farmers for Smallholder Farmers of Nigeria and powered by the FG.

Important: The SEIFAC loan ATM cards are now out for collections, all SEIFAC loan applicant can now collect their ATM cards.

Check out: How to Apply for FG N,5000 RRR Cash Grant 2022

The SEIFAC loan is open to all small-scale farmers that want to boost their farming production with the help of loans. The application is online for free, meaning any eligible farmer can apply for free online.

SEIFAC Loan Update for Disbursement

Below is the list of the SEIFAC loan update made from the SEIFAC to all applicants:

The disbursement of funds to members will kick off three weeks from now after proper investigations and monitoring of members’ accounts.

Applicants are expected to visit their respective banks for account upgrades, as some members may fail to receive their funds due to the inability of their accounts to receive a huge amount of money.

The management will also provide machines and fertilizers to help fasten the farming conclusion, all members have three weeks from today to regularize numbers of the hectare requested, fill and submit all forms, and payment of dues.

Check out: CBN TIES Undergraduate and Graduate Grant (500M) – Apply here

However, members are entitled to farm on three crops which include; maize, cassava, and rice.

After weeks, members should expect their funds in their respective wallets for their Agricultural business.

Should you need more information on the SEIFAC loan update, you can take a look at their official website by clicking here.

Join our Forum

We share live updates directly on our Forum. Join by clicking the button below

Follow: Our Pages

Don't miss out!
Subscribe To Newsletter

Want to receive the latest update on the post you just read? Then subscribe to get personified mail from us.

Invalid email address
Give it a try. You can unsubscribe at any time.

Related Articles


PETER OKOI March 20, 2022 - 4:19 pm

Farming season passing by seifac should do something b/4 it is late.Thanks.

Abdullahi abdulsabur April 17, 2022 - 11:59 am

Pls where in the raining season seifac should do something so that we can start what is necessary,like farming


Leave a Comment