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 WorksStep 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