Rifan loan, how to get easy access their loans this year. Most times, Nigerian farmers into large-scale farming usually need a loan to help them grow their farming business and enterprise. Over the years, the need for loans by farmers has led to the poor production of agricultural products.
Fortunately, the government, in recent times, has taken it upon itself to ensure that loans are made available for farmers.
In this article, we will discuss extensively what RIFAN LOAN is all about, how to apply for this loan, and some of the frequently asked questions you might have in mind.
Overview of The RIFAN LOAN
RIFAN is an acronym that stands for Rice Farmers Association of Nigeria; this means that this loan is specifically and mainly for Rice Farmers in Nigeria; not just any farmer that is into rice farming, but those into large-scale rice farming are the only ones eligible for this loan.
The RIFAN loan association not only gives loans to interested Nigerian farmers who are into rice farming, but they equally help to promote local rice grown in the country to the international market.
This has greatly improved the quality of rice produced locally. In the nearest future, with proper funding and management, Nigerian rice will be exported in large quantities to other countries.
Furthermore, this board holds conferences, meetings, and summits across the world, to discuss the interest in large-scale rice farming across the country.
When you apply for a loan under this platform, and your loan gets accepted, you will not only be given the loan, but this platform also holds regular seminars and teachings which is aimed at training Nigerian farmers on how to cultivate and farm rice in large quantities, how to make use of industrialized and mechanized equipment in producing the rice.
The central role of this board is to ensure that there’s a mass production of local rice in Nigeria that meets the international production standard.
The RIFAN loan board has been able to help the country produce over 5 million tons of rice yearly. Next, we will discuss some of the RIFAN LOAN platform’s services.
Services Offered By RIFAN
The RIFAN loan platform offers several services, and this service is available to all large-scale rice farmers in Nigeria interested in the loan. Some of the services include;
- Grain management and storage
- Rice trading and marketing
- Rice milling
- Lending and financing
- Research and training
Grain Management and Storage
Generally, the RIFAN association has more than 10,000 active members across the country.
The work of these members is to help the farmers who are under this association to store and manage rice grain all over the country.
When you talk of a union in charge of rice management and storage in Nigeria, the RIFAN loan association comes to mind.
Although they’re not the only platform that gives loans to large-scale rice farmers, they’re the one that provides the best service, which is the storage and management of grains all over the country.
Rice Trading and Marketing
If you want to trade rice grain and market them across the country actively, then you should register with this loan platform.
You don’t have to take a loan to help grow and boost your rice production, and you can equally learn how to trade and market your rice grain under this union.
When it comes to a leading alliance in the trading and harvesting of rice, including the selling of harvested rice across the country, the RIFAN loan platform comes to mind.
One thing that has made this RIFAN platform different from others is its years of experience; over 20 years, this has enabled them to grow its services to the point they do rice milling, and a lot of its members are into it.
The RIFAN rice milling methods involve the use of state-of-the-art heavy milling technologies. And you will be taught this method of effective rice milling when you join the association.
Lending and Financing Services
This is one of the essential services that this platform offers, and it’s the main case study of this article.
The RIFAN loan platform offers members loans to help them grow and improve their large-scale production of rice; this loan services provided by this platform are robust, flexible, and efficient, which makes it easy for any large-scale rice farmer who is registered under this platform to obtain a loan and pay back quickly before the agreed deadline
Research and Training
If registered with this platform, you do not have to obtain a loan alone. You will be constantly updated on new technology and ways of growing rice more effectively and efficiently.
This organization invests a lot of money yearly in the research and training of farmers to improve and boost rice productivity.
In addition, the RIFAN loan platform helps other agricultural companies that lack well-informed farmers to train their farmers and help them expand their overall rice productivity.
How To Register And Obtain a RIFAN loan
To register on RIFAN and obtain a RIFAN loan, you need to follow the following steps below
- First, you need to visit the RIFAN official website, which is rifanonline.com
- Next, you need to tap on the menu icon on your right and click on “register.”
- Afterward, sign up on the platform and enter accurate details of yourself. Ensure that the details you’ve entered follow what you used in opening your bank account.
This is because when you supply your BVN during the registration process, it will be cross-checked with the details you’ve provided. Some of the details you will be required to provide include some of the following;
- Full name
- Email address
- Working and active phone number.
- You will also be required to pay a token which will serve as your registration fee immediately after registration. If successful, you will be sent a confirmation email address, and when it’s time to apply for a loan, you will be notified.
When the time for loan application comes, you will be notified, and after being notified, you can proceed to apply for a loan. There’s only one thing you should watch out for, and that is your creditworthiness.
Creditworthiness is how worthy or eligible you can obtain a loan from the platform. If you do not have a high credit score, your loan application will not be accepted.
The credit score is determined by how much you owe any loan platform; that is to say, if you owe any loan platform, your RIFAN loan application will not be accepted.
How to contact RIFAN
To contact RIFAN fast, follow the link below; https://rifranonline.com/contact/. You can then put your email address and send your complaint, and then the RIFAN platform will reach out to you for any explanation or clarification you may need.
Frequently Asked Questions
What does Rifan mean?
RIFAN is an acronym that stands for Rice Farmers Association of Nigeria. They’re in charge of the mass production of rice, issuing loans to large-scale farmers of rice in the country, sales and marketing of rice, and the promotion of local rice to other countries.
How do I register with the All Farmers Association of Nigeria?
It is effortless to register with RIFAN, and you need to provide the necessary documents and pay a small registration fee; some of the documents you need to provide are;
- Complete application form
- A valid means of identification
- Proof of membership if you belong to any farmers’ cooperative society
- Proof of farm registration and details
- Proof of land ownership and details
- Any other valid documents as required
How long does it take for my RIFAN loan to be approved?
Provided you provide all the necessary documents in the correct order and your creditworthiness score is high, you will be given the loan.
But be sure to choose a plan that will be convenient for you, the one you can quickly pay back before or at the time of agreement.
We have come to the end of this article, and we are confident that you know how to access easy loans from RIFAN as a large-scale farmer.
Do not hesitate to do the needful. Meanwhile, share your thoughts and ask questions in the comments section. We shall respond swiftly.