Sunday, December 15, 2019

How To Access The Agric, SME Scheme (AGSMEIS) N10M Loan At 5% Per Annum

Do you know that you can access up to N1O Million loan at 5% per annum from the Agric, Small and medium enterprise scheme (AGSMEIS)?

What is AGSMEIS?

The AGSMEIS is an initiative from Central Bank of Nigeria (CBN). The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government's efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation

Who is Eligible?

  • Creative & Art industries: Fashion, Beauty Apparel & Textile
  • Arts & Entertainment Industrial & Manufacturing: Agriculture & Allied Processing, Automobiles
  • Information & Communication Technology: Telecommunication Media & Publishing
  • Hospitality: Catering & Event Management

How Does It Works

Step 1 Get Trained Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).

Step 2 Apply For Loan: The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Step 3 Receive Funds: Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback

Step 4 Get Business Support Service: The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.

Step 5 Make Sales:Sell products and services to pay back loan and make profit.

Step 6 Repay Loan: Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.

APPLY HERE for the loan

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