Irrespective of the kind of business you do, you are entitled to this collateral free loan which is partnership with the Federal Government.
Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) is an initiative in partnership with the Micro Finance Bank to support the Federal Government’s efforts, and for the promotion and propagation of agricultural businesses and other small/medium enterprises (SMEs) in order to create a sustainable development and employment.
How Does It Work?
Before you get the loan, you need to get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI), during your application process.
Step 1: Get trained.
Step 2: Apply for the loan using EDI guides to secure the loan.
Step 3: The loan will be paid into your account if you are qualified.
Step 4: You’ll be assisted by Entrepreneurial Development Institute to implement your business plan.
Step 5: You can then sell your products in preparation to pay back the loan.
How To Apply For The Loan?
If you are interested, to commence your application process, click on the link below;
Frequently Asked Questions
What is the Interest Rate for This Loan?
Ans: The interest rate is nine percent (9%) per annum.
Do I need Collateral?
Ans: No, this loan scheme does not require a collateral.
How long will it take to receive the funds?
Ans: This loan scheme is designed to be easily accessible. The entire process is automated. From application submittion to disbursement takes six(6) to eight(8) weeks.
Has disbursement started?
Ans: Yes we have disbursed over N1.9B and this is still ongoing.
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