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COVID-19: Aba Chamber of Commerce Donates Palliative Materials to Abia State Government
COVID-19: Aba Chamber of Commerce Donates Palliative Materials to Abia State Government

COVID-19: Aba Chamber of Commerce Donates Palliative Materials to Abia State Government

Aba Chambers of Commerce, Industry, Mines and Agriculture (ACCIMA) recently donated palliative materials to the Abia State Government, to help cushion the effect of the 'sit-at-home' order and lockdown in Abia State.<...

Nigeria Economic Sustainability Plan - How to Plug-in and Benefit!
Nigeria Economic Sustainability Plan - How to Plug-in and Benefit!

Nigeria Economic Sustainability Plan - How to Plug-in and Benefit!

Following the health and economic crisis triggered by the COVID-19 pandemic, Nigeria setup her Economic Sustainability Committee in March 2020, charged with the mandate to develop a clear Economic Sustainability Plan in resp...

NIRSAL's Agro Geo-Cooperative Farming Model is a Game-changer for Agricultural Financing in Nigeria
NIRSAL's Agro Geo-Cooperative Farming Model is a Game-changer for Agricultural Financing in Nigeria

NIRSAL's Agro Geo-Cooperative Farming Model is a Game-changer for Agricultural Financing in Nigeria

If, as a smallholder farmer, you desire to easily obtain agricultural bank loans through NIRSAL Bank, you must be ready to join and operate as an Agro Geo-Co-operator. Find out why, and how to go abo...

South-East Governors Deliberate on Security and Economy of the South-East
South-East Governors Deliberate on Security and Economy of the South-East

South-East Governors Deliberate on Security and Economy of the South-East

In their last meeting, the South-East Governors Forum among other matters deliberated on issues bordering on Health, Security and Economy of the South-East in particular and Nigeria in general. See what they discussed!

Access to Easy and Affordable Loans for Small Businesses in Nigeria gets a Boost
Access to Easy and Affordable Loans for Small Businesses in Nigeria gets a Boost

Access to Easy and Affordable Loans for Small Businesses in Nigeria gets a Boost

Lack of access to credit is a major hurdle and setback for Micro, Small and Medium Enterprises in Nigeria. And that is precisely what NIRSAL National Microfinance Bank is set to reverse. Find out how!

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Your Personal Security Tips
Your Personal Security Tips

Your Personal Security Tips

Use these Personal Safety and Security Tips to protect yourself, your family and environment. Remember, Police is your friend! Learn more...

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Wanted! Creative Solutions to African Problems
Wanted! Creative Solutions to African Problems

Wanted! Creative Solutions to African Problems

Africa is peculiar. Africans have peculiar needs. Africans are thus best placed to solve African problems because they know Africa and its peculiarities, environment, people and needs. Oh Africa, my Africa! Wake up!

Are You a Small Business Owner? Then Bite Into the MSME Survival Fund Now!
Are You a Small Business Owner? Then Bite Into the MSME Survival Fund Now!

Are You a Small Business Owner? Then Bite Into the MSME Survival Fund Now!

The Federal Government rolls out its Micro, Small and Medium Enterprises funding initiatives worth ₦75Bn. The scheme is estimated to save not less than 1.3 million jobs across the country and directly impact over 35,000 i...

Multiple Taxation in Abia State – Governor Okezie Intervenes
Multiple Taxation in Abia State – Governor Okezie Intervenes

Multiple Taxation in Abia State – Governor Okezie Intervenes

Following series of complaints about multiple taxation in Abia State, the state Governor Dr. Victor Okezie Ikpeazu met with key stakeholders on internally generated revenue collection chain, on Monday July 9, 2018, where the...

School CHALK Production – Simple Home Business That Rakes in Profit
School CHALK Production – Simple Home Business That Rakes in Profit

School CHALK Production – Simple Home Business That Rakes in Profit

School Chalk production is a simple process - no technicalities. Raw materials are available. The market is ready. Demand is increasing. Profit is guaranteed. What are you waiting for? Start your School Chalk Production Busi...

Protect Your Money with This Mobile Banking Security Tip
Protect Your Money with This Mobile Banking Security Tip

Protect Your Money with This Mobile Banking Security Tip

For sure, the era of Information Technology, Internet and Mobile Banking is not only here with us, it is here to stay! Use This MOBILE BANKING Safety Tip to Protect Your Money!

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Corporate Tax Mistakes You Should Avoid!
Corporate Tax Mistakes You Should Avoid!

Corporate Tax Mistakes You Should Avoid!

If you have a corporate (business) bank account, but are using it to operate your personal transactions, you risk falling out with FIRS (Federal Inland Revenue Service) for avoidable tax issues. Learn how to avoid this FIRS ...

Party after Party - Smile to the Bank as Events Planner and Management Expert!
Party after Party - Smile to the Bank as Events Planner and Management Expert!

Party after Party - Smile to the Bank as Events Planner and Management Expert!

Many Social, Political, Cultural, Corporate and Sports events need expert planning. Both individuals and corporate bodies use Events Planners and Management experts to execute their events. For event planners, business is ...

Police SECURITY and Emergency Numbers For States in Nigeria
Police SECURITY and Emergency Numbers For States in Nigeria

Police SECURITY and Emergency Numbers For States in Nigeria

Below are the Police Control Emergency Phone Numbers for States in Nigeria which you can contact at any time for Rapid Response to Criminal Incidents around you and your environment. Good luck!

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1st. Aba Investment Summit 2018 (archived)
1st. Aba Investment Summit 2018 (archived)

1st. Aba Investment Summit 2018 (archived)

The 1st. Aba Investment Summit 2018 was staged to boost the Abia State Government's push towards returning Aba - the Enyimba City to its primal position as the top investment destination of choice, east of the Niger.

Security Tips While on Nigerian Roads
Security Tips While on Nigerian Roads

Security Tips While on Nigerian Roads

Have you noticed a proliferation of stop and search security check points in some states in Nigeria? This is attributable to the present level of insecurity in the country.

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Recover Your Stolen Phone – in 5 Easy Steps!
Recover Your Stolen Phone – in 5 Easy Steps!

Recover Your Stolen Phone – in 5 Easy Steps!

There is a way you can trace and recover your lost phone. Just remember that your phone or mobile device has a unique IMEI identity which can be used to track it to wherever it is on planet earth.

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Smile to the Bank with Nigerian Fashion Export Business!
Smile to the Bank with Nigerian Fashion Export Business!

Smile to the Bank with Nigerian Fashion Export Business!

The world is fascinated by Nigerian Fashion and Costumes. Nigerian Fashion Export Business is therefore a sure route to wealth. Many talented dressmakers at Aba - the Enyimba City, got what it takes! Start your Nigerian Fas...

2020 China Canton Trade Fair Opportunities
2020 China Canton Trade Fair Opportunities

2020 China Canton Trade Fair Opportunities

The Canton Fair holds three times every year. Aba Chambers of Commerce, Industry, Mines and Agriculture (ACCIMA) usually invites you to join its Business Delegations to the various editions of the China Imp...

How to Start Small and Grow Big in Nigerian Commodities Export Business
How to Start Small and Grow Big in Nigerian Commodities Export Business

How to Start Small and Grow Big in Nigerian Commodities Export Business

I know you will survive the COVID-19 pandemic. So don't just sit at home playing Lido, Draft or Chess. Now is the time to plan for another source of extra income. Find out how!

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Become Rich With Nigerian Food Export Business!
Become Rich With Nigerian Food Export Business!

Become Rich With Nigerian Food Export Business!

Nigerian Food Export Business offers a great opportunity for massive profits.  Many superstores and groceries in the United States and Europe eagerly await high quality food supplies from Nigeria. If you got the capital, wh...

How to Apply, Qualify and Get the Central Bank of Nigeria Small Business Loans 2020

Written by

Access to the Micro, Small and Medium Enterprises Loans facility powered by the Central Bank of Nigeria (CBN) is still very much in active mode; and you must take advantage. The process is simple, easy, grass-root oriented and transparent. Learn how!  

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.

What Businesses are supported?
♦ Businesses in the Agricultural Value Chain, the Real Sector and the Service Sector of the economy are supported.

♦ Businesses within the Agricultural Value Chain including production, inputs supply, storage, processing, packaging, logistics and marketing are eligible to apply.

♦ Businesses in the Real Sector of the economy including manufacturing, mining and petrochemicals are eligible to apply.

♦ Businesses in the Services Sector of the economy including information and communication technology (ICT) and the creative industry are eligible to apply.

♦ Other business activities as determined by the Central Bank of Nigeria (CBN) from time to time.

(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)

Download CBN 50 Billion COVID-19 Loans Guidelines 2020

See Small Business Loan Approval - What do Banks Want to See?

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 contact an Entrepreneurial Development Institute (EDI), call 08130566744.

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

You may also be interested in Access to Easy and Affordable Loans for Small Businesses in Nigeria

Interested in Importation Business? Click HERE to Buy or Import from China!

Stay Smart, Wealthy and Wise!

© Jay Onwukwe

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1 comment

  • Comment Link Muhammad muktar maaruf Tuesday, 30 June 2020 07:41 posted by Muhammad muktar maaruf

    Dr sir may Allah bless your life and protect ur family I need ur help to make make my business development executive officer

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