The Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) initiative is administered by NIRSAL Microfinance Bank which has a presence in most of the 774 Local Government Areas in Nigeria.
As an interventionist strategy to ensure easy access to affordable capital for Micro, Small and Medium Businesses, the CBN loans are disbursed at an annual interest rate of 5%, and with no collateral requirement - except for larger loans. The maximum loan amount you can get is ₦10 million.
See Access to Easy and Affordable Loans for Small Businesses in Nigeria for more on AGSMEIS .
To qualify, your loan request must be for the purpose of business start-up, business expansion or business revival; and must comply with the provisions of Bank and Other Financial Institutions Act (BOFIA 1991) as amended.
( Supported Businesses include : Information Communication Technology, Telecommunication, Media and Publicity, Creative Arts, Fashion and Design, Beauty, Apparels and Textile, Arts and Entertainment, Industry and Manufacturing, Agriculture and Allied services, Processing, Welding, Hospitality, Catering and Events Planning)
How to Qualify for the Loan
Your first step is to contact and register with a Central Bank of Nigeria approved Entrepreneurial Development Institute (EDI) . Thereafter, the Entrepreneurial Development Institute (EDI) will give you the needed training, information and support, as well as guide and assist you all the way until your loan is disbursed into your bank account.
For Loan applicants in Abia State, please visit any of Aba, Umuahia or Arochukwu main Post Offices to make enquires; or contact your City Chamber of Commerce, Industry, Mines and Agriculture secretariat for more information.
If you are in Aba and environs you may want to visit the Aba Chamber of Commerce, Industry, Mines and Agriculture (ACCIMA) secretariat for further guidelines; or contact Homeland Consult and Training Institute Limited at the Aba main Post Office (or call them on 08130566744) for more information.
You can also activate your Loan Application online by visiting https://nirsalmfb.caderp.com/account/landingpage to register and begin the application process.
To know more about NIRSAL Bank , visit their website at https://www.nmfb.com.ng/index.html
To activate your Loan Application visit: https://nirsalmfb.caderp.com/account/landingpage
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