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.);
Livestock (fish, poultry, ruminants, etc.);
And any other goods that CBN will offer from time to time.
Cereals (rice, corn, wheat, etc.);
Roots and tubers (cassava, potatoes, yam, ginger, etc.);
Tree crops (palm, cocoa, gum, etc.);
The Farmers should be in groups/cooperative(s) of between 5 and 20 for ease of administration.