NIRSAL Credit Risk Guarantee (CRG) – What You Need To Know & How to Apply

NIRSAL Credit Risk Guarantee (CRG) - What You Need To Know & How to Apply

According to the title of my article, today i will be talking about (CRG) simply means “Nirsal Credit Risk Guarantee” and other things associated to it, how to apply and get approval of Nirsal credit Risk Guatantee.

Before i proceed, what do you understand by NIRSAL Credit Risk Guarantee (CRG)?

What is NIRSAL Credit Risk Guarantee (CRG)?

NIRSAL Credit Risk Guarantee (CRG) can be briefly explain as a major initiative and a major initiative by the National Microfinance Bank (NBS) is a major initiative to help small and medium enterprises (SMEs) in right Non-professional.

(NIRSAL) was launched in 2011 and incorporated in 2013 by the Central Bank of Nigeria (CBN). The NIRSAL Credit Risk Guarantee (CRG) is the core service provided by NIRSAL Plc.

The offer of the NIRSAL CRG serves as a comfort to financiers and investors, encouraging them to lend to the agribusiness.

The NIRSAL CRG secures agribusiness loans against losses over the life of the underlying credit contract between a financier and actors across all segments of the agricultural value chain. It covers credit in the form of term loans, and/or debt instruments such as short, medium, and long-term notes, excluding overdrafts.

The NIRSAL CRG also covers the credit risk of default on loan principal and the accrued interest. It is purchased at 1% (upfront payment) of the loan value and subsequent outstanding balances of the loan annually.

This program will focus on helping small businesses or farmers as well as medium and large enterprises.

Note: Do not forget that this program is not a grant.

NIRSAL Brochure & Company Profile

Kindly click on top of the link below to download the brochure to your device.

Download NIRSAL’s CRG Brochure

Download NIRSAL’s Company Profile

CRG Request & Issuance request


STEP 1 – Farmer/Agribusiness applies for a loan from a Commercial Bank and requests for NIRSAL CRG cover.

STEP 2 – Bank approves the loan and sends CRG request and relevant documents to NIRSAL on behalf of the farmer/agribusiness.

STEP 3 – NIRSAL reviews Bank’s request and checks documents for completeness, accuracy and validity.

STEP 4 – If documents are in order, NIRSAL and Bank conduct farm/site visitation and prepare a report which is subjected to NIRSAL’s internal approval process.

STEP 5 – Upon approval by NIRSAL and payment of CRG fee, NIRSAL issues CRG in favour of the Bank on behalf of the farmer/agribusiness.

STEP 6 – Bank disburses the loan to farmer/agribusiness and NIRSAL commences project monitoring through its nationwide Project Monitoring, Reporting & Remediation Offices.

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The NIRSAL Interest Drawback Scheme is designed to reward diligent borrower behavior through discretionary rebates of up to 40% of interest paid on NIRSAL CRG-backed agribusiness loans, thereby reducing the effective interest rate for borrowers with a good credit history.

Rebate payments apply only to pre-approved CRG transactions and are made every 90 days subject to compliance with the loan’s underlying conditions and timely repayments of Principal and Interest during the review period.

NIRSAL Credit Risk Guarantee (CRG) - What You Need To Know & How to Apply

How To Apply For NIRSAL Credit Risk Guarantee (CRG)

To successfully apply for NIRSAL Credit Risk Guarantee (CRG) click on the provided link below and make sure to go through the provided information below before applying.


For all those who need to complete the NIRSAL Credit Risk Guarantee (CRG). He or she needs to know these things.

As you know NIRSAL Credit Risk Guarantee (CRG). It is a loan given by the Federal Government of Nigeria to small business owners and farmers until there are thousands of people who are complaining about it. But they have never got it. At that time it was the reason why you did not get it or you did not get it.

There are 5 steps to your information that you need to complete while applying for this loan.
Here is a list of information you need to enter while applying for this loan.

PERSONAL INFORMATION: which includes your name and surname, Gmail, phone number, Gender, Home address, position in company meaning your position at work.

BASIS BUSINESS INFORMATION:  including the name of your company or company, CAC number, business address of the company, state business operations and so on. You are currently browsing the archives for the Marketing Tips category.

BUSINESS DESCRIPTION: what you do for a company, for example, what you export or import to your destination, etc., is in English segment of business if you do not have a box provided they have a place where you can write what you do yourself, Then a description of the business here you describe the business you are or farming or something else, years of operations, the years you spent doing this work, and the Average Monthly Business Turnover.

BANK DETAILS:  you have to fill in your banking information such as your bank name and Years of Relationship with the Bank.

LOAN DETAILS: Loan Amount required, specify the amount you want to borrow, then Purpose of Loan, then Collateral Description.

Frequently Asked Question

  • How can i apply for NIRSAL Credit Risk Guarantee (CRG) Loan?

With this little explanation on NIRSAL Credit Risk Guarantee (CRG), i hope you understand what it means and how it works.

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