NIRSAL Micro Finance Bank has so far doled out loans totalling over N503 billion to about one million small and medium enterprises and households.
The loans comprise 612,321 households which received it ranging from N250,000 to N1 million, totalling N240,083,000,000.Households that are Non-Interest Beneficiaries of the NIRSAL MFB loans numbering 21,027 have also so far secured facilities amounting to N9,091,000,000, while SMEs under the Non-Interest Scheme numbering 2,710 have accessed N1,057,000,000.
Many groups and agencies, 23 of them have in the course of 2021 awarded NIRSAL MFB awards for making these loans available to Nigerians. Ohanaeze Ndigbo Youth Wing Association gave NIRSAL MFB, the Award of Excellence and Youth Empowerment, just as the National Youth Service Corps and Ahmadu Bello University Zaria gave the bank awards of excellence.