CBN AGSMEIS Loan 2019 application is in progress as at the time of publishing this post.
You can access up to N10M at 5% per annum from the Agric, Small and medium enterprise scheme (AGSMEIS), an initiative from Central Bank of Nigeria (CBN) – without collateral.
AGSMEIS is an initiative of the Bankers’ Committee in a bid to support and complement the Federal Governments’ efforts at promoting Agri-businesses/Small and Medium Enterprises as a vehicle for sustainable economic development and employment generation.
Objectives of Agric, Small and Medium Enterprise Scheme (AGSMEIS)
The objectives of the Scheme include :
- To ensure Small and Medium Enterprises (SMEs)have access to finance
- To generate much-needed employment opportunities in Nigeria
- To develop agricultural value chain and ensure sustainable agricultural practices.
- To boost the managerial capacity of Agri-Business/SMEs as pipelines of growing enterprises that can become huge corporate organizations.
AGSMEIS Loan Eligibility
MSMEs in the following sectors are eligible:
- Agricultural businesses,
- Education,
- Health,
- Services (Hospitality, Restaurants, Catering, Services, etc),
- ICT,
- Manufacturing/Production,
- Mining,
- Creative Industry (Fashion, Design, Crafts, Entertainment, etc),
- etc
How To Apply For AGSMEIS Loan In Nigeria Without Collateral
Step 1
Get Trained
Attend a one week compulsory training at a CBN certified Entrepreneurship Development Institute (EDI). You can check the list of CBN EDC Centres in Nigeria.
Step 2
Apply For Loan
The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan. There is agsmeis loan application form pdf sample I uploaded online for informative purpose. You can get the current application form from the CBN EDC that trained you.
Step 3
Receive Funds
Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
Step 4
Get Business Support Services
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.
What is AGSMEIS Loan Interest Rate?
Five percent(5%) for the first five(5) years. If you obtain One Million Naira(N1,000,000), you will pay back One Million Fifty Thousand Naira(N1,050,000) throughout the duration of the loan.
More info at : www.nmfb.com.ng/sme
About NMFB
The National Microfinance Bank is a leading Nigerian financial institution licensed by the Central Bank of Nigeria (CBN) in Nigeria. The Company was incorporated as a Private Limited Company in 2019 and commenced operations following the grant of a licence by the Central Bank of Nigeria to operate as a National Microfinance Bank in the same year. It is Owned 50% by the Bankers Committee, 40% by NIRSAL and 10% NIPOST. So far the bank has disbursed approximately 776 million in loans to eligible SMEs under the AGSMEIS.
im a farmer from adamawa state nigeria i,m interesting in the long my name is isa hammanadama santuraki
I am a computer graphics Artist, Designs, Printing and Publishing, I am interested in the loan to enable to start a mini business Centre, 15 years experience in Computer design.
I will be glad If am given a loan to establish my business centre, I can pay it back
Name: Suleiman Abdulmumin
E-mail: ozisuleiman@gmail.com
My name is Sylvester galadima from kaduna, I m so interested where do I start from here since we don’t have any of CBN ede centers in kaduna state
Comment* Sir, i am a farmer and i am interested in getting the loan. how can i get the form?
go to SMEDAN office at Federal Secretariat, Kawo or Kaduna Business school
I’m mechanical Engineer specialized in automobile wish to apply for the loan for my farming activities.
I need the loan to establish a secondary school in Benue state. How do I access it. How much does it take to go through the training to qualify for the loan?
Comment*Thanks for your assisting narrations. We are an entrepreneurial development consulting firm/institution. Our Lead Consultant, besides being a Chartered Accountant, was a Centre Manager at SMEDAN before setting up our firm. We are seriously interested in becoming an EDI, for the purpose of assisting AGSMEIS application processes. Please assist by informing us on the necessary processes for this. We have clients willing to benefit from this uncommon opportunity. Thanks, we await your ‘ogbonge’ reply.
please keep me posted.
I am interested in this loan, how would i get it please.
My name ikumapayi abiodun,I am so much interested in the loan,how do I get it. I operate hotel, hospitality bar and restaurant,and also a farmer.
desmond iyke december 16,2019 at 1;00am i am interested in this loan what step do i take to mark it i have a good land for fish farming
my name is osagie, i need loan to get my business better, what is required of me and how can i access the loan?.
Am interested in the loan for my farming business in Jos . Please how can I know the EDI in Plateau state.
dayinpaul@gmail.com
I am a farmer, an entrepreneur, mobile money agent and educational consultant.i really need loan to expand my business.
Am in much interests on this loan applications, how can someone get train because am in ogbomoso Oyo state.where is the training center in Oyo state and where the application form can be obtain..
i’m akpomudje godswill a farmer i have fill the form through the organization that tought me on poultry management but the bank text me to complete my registration online. wish i dont know were to go
Comment*please how i get trained and get the loan in ekiti state
Where can I get the loan in lagos please
Pls am in Lagos state, where and how can I apply for the loan. Am into foods
Thank you.
My name is Akota victory from Edo state am interested in the loan for the expansion of our pharmacy to enable us sell wholesale, this is my email igumborvictory@gmail.com, thank you
my name is shehu j sumumma,i sales agrochemical,fertilizer,run poultry farm,crop production.Im elegible to apply for the loan?
I need the loan but I don’t know how to apply
Am a farmer in Abia state
I need this loan
Am interested in getting the loan am a renewable energy consultant my company name pristine heritage renewable energy consultant and my email akpanabraham@yahoo.com i will like to setup a renewable energy shop and put more youth’s through the renewable energy
Am Talatu Isiaka, am into fashion. How am interested in this loan how do I get?
My name is Akpitaye Obarieru, am from Osun state, Am interested in this kind of program, How can I get the form so as to fill it in? Thanks.
The nearest edc where I can acquire the relevant skills and training. Am in port Harcourt. Elemuwa s n
Please I want to ascertain when the training starts and how to get registered. I would wish to know if there is an office at Ebonyi State as it is only Enugu office that is in the list. What are the criteria for attending the training and when is it commencing.
Please How can I get form for the loan
I am a resident of kano
Good day please I want to apply for the loan I have CAC and I have place for the FARM. Am in Kano. I want to apply please. And how long will it take to get the money
Thank you
Regard HAMZA ALI
Ameh Juliet,I’m from Lagos state,I am a business woman,I
want to apply for loan .Email address: amehjuliet1991@gmail.com
I opened a Gmail account with nirsal for that loan and training but I wasn’t see the form for registration. Please help me with the information about it.
I need loan to cultivate plantain farm of about ten acers of land.
I need the website for the online training
I applied for loan and chose you as my training center, will like to get my self registered.