Are you a female entrepreneur in Nigeria looking for accessible business funding? The Amazon Loan from NIRSAL Microfinance Bank (NMFB) is specifically designed to empower women in business by offering financial support under flexible terms and without collateral. Here’s everything you need to know to successfully apply and grow your enterprise.

What is the Amazon Loan?

The Amazon Loan is a financial empowerment initiative by NMFB tailored exclusively for women-led businesses in Nigeria. It promotes economic inclusion by providing loans to female entrepreneurs across various sectors.

Key Features of the Amazon Loan:

Women-only loan program

No collateral required

Affordable interest rates

Group application model

Geographical and business similarity required among applicants


Step-by-Step Guide to Apply for the Amazon Loan from NMFB

Step 1: Form a Business Group

Gather a minimum of five women engaged in the same type of business (e.g., fashion, food retail, beauty, etc.) and operating within the same location or community.

Step 2: Register as a Cooperative

Though not mandatory, forming a registered cooperative boosts your group’s chances of approval. Choose a name and set a clear leadership structure.

Step 3: Visit a NIRSAL Microfinance Bank Branch

Go to your nearest NMFB branch, typically located within post office buildings. You can find a branch using this link: https://nmfb.com.ng/find-us

Step 4: Get Your Documents Ready

Make sure each group member has:

A valid ID card (NIN, Voter’s Card, Driver’s License, or International Passport)

Two passport photographs

Proof of business address (Utility bill, rent receipt)

Business registration documents (if available)


Step 5: Fill & Submit the Application

Request the Amazon Loan application form at the NMFB branch, complete it as a group, and submit with all required documents.

Step 6: Await Approval and Disbursement

NMFB will review your application. Once approved, the loan will be disbursed directly into your group’s account. Make sure to use the funds strictly for your proposed business needs.


—

How to Open a NIRSAL Microfinance Bank (NMFB) Account

To receive your loan, you may need to open a NMFB account. Here’s how:

Step 1: Prepare Required Documents

Valid ID

Two passport photos

Utility bill

Initial deposit of ₦2,000 – ₦5,000


Step 2: Visit a Branch

Head to the nearest NMFB location or post office and request an account opening form.

Step 3: Fund the Account

Deposit the required amount to activate your account.

Step 4: Get Your Account Number

Once your account is processed, you’ll receive your account number for loan transactions and other banking services.


—

Contact Details for NIRSAL Microfinance Bank

For questions or further help, reach out to NMFB through these official channels:

Website: https://nmfb.com.ng

Abuja (Area 10): 09010020609

Lagos (Ikeja): 09010020614

Enugu: 09070095757

Port Harcourt: 09070095761

Kano: 09010020636

Ibadan: 09070095762

Jos: 09010020646

Owerri: 09010020629


More locations: https://nmfb.com.ng/find-us



Final Tips for a Successful Application

Ensure all group members meet eligibility criteria.

Be transparent in your application.

Use the loan strictly for business growth.

Maintain proper financial records to build your creditworthiness.


With the Amazon Loan by NIRSAL Microfinance Bank, you have a golden opportunity to grow your business and achieve financial independence.