NIRSAL Plc and Polaris Bank have provided a N1 billion facility for Globetrot Farmsponsor Limited, an integrated poultry farm in Oyigbo Council of Rivers State.
The microfinance institution said in Abuja, yesterday, that with a mandate to share agribusinesses related credit risks with commercial lenders, it has provided a 50 per cent guarantee on the facility to boost Globetrot’s operations across the farm’s hatchery, breeder, broiler, feed mill, and processing components.
This support has positive implications for farmers and consumers of poultry products alike in Oyigbo, Port Harcourt, and environs, as suppliers of inputs.