AGSMEIS Loan Application Form 2022 – Reopens for Fresh Applicants.
Federal Microfinance Bank (Nirsal) has launched a new website portal where registration can be performed with Agri-Business Small and Medium Enterprise Investment (AGSMEIS).
Please note that AGSMEIS loan applications are still ongoing. And we are here to show you how to apply for a loan. With AGSMEIS you can get loans up to 10 million N10 million with only 5% interest rate without a deposit.
What is AGSMEIS
The Agribusiness/Small and Medium Enterprises Investment Plan is an initiative to support the efforts and policies of the Federal Government to promote agribusiness and small and medium enterprises (SMEs) as a guideline for sustainable growth and job creation.
Please note that AGSMEIS loan applications are still ongoing. And we are here to show you how to apply for a loan. With AGSMEIS you can get loans up to 10 million N10 million with only 5% interest rate without a deposit.
Get access to affordable loans to start and grow your business in these 6 steps:
1. Study Complete compulsory training at the Nirsal MFB Certified Enterprise Development Institute (EDI).
2. Apply for a loan as a candidate To create an account, click “Submit Application”, review your BVN, and select a non-permanent MFB Certified Entrepreneur Development Institute (EDI).
3. Get funding, the loan is paid to the recipient’s account.
4. Get business support from professionals.
5. Run your business properly to pay off the loan and make a profit.
6. Repay the loan Run your business, keep proper accounting records, track sales and expenses to maximize profits, and pay back loans.
AGSMEIS Requirements
- Duly completed application form.
- Bank Verification Number (BVN).
- Certificate of Training from recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector
- Recommendation letter from one of the following: Priest, village head, district chief, orthodox ruler. Senior civil servants, etc. (for individuals/small enterprises only)
- Evidence of business name registration or company registration certificate and annual filing (if applicable) as required by the Company and Affiliate Act (1990).
- Tax Identification Number (TIN) and current withholding certificate TCC), if applicable.
- To qualify for access to this fund You must have received training from the Enterprise Development Institute, after which you will need to fill out a form. They will send your form to the CBN.
- CBN will ask your bank to verify your account details. CBN will then perform its own assessment.
Eligibility Businesses that can Access the Loan
- 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
LOAN PROCESS
Step 1 Get Trained Attend compulsory training with a CBN-certified Entrepreneurship Development Center (EDC).
Step 2 Apply for LoanThe Entrepreneurship Development Institute (EDI) guides and assists you in getting all the necessary documents required to secure the loan
Step 3 Recieve fund loans are paid into the account of beneficiaries. Unqualified candidates are given feedback
Step 4 Get Business Support ServicesThe Entrepreneurship Development Institute assists you to implement a business plan and provide business support services commercially.
Step 5 Make SalesSell products and services to pay back loans 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.
Visit: https://nirsalmfb.caderp.com/Account/Register to apply now
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AGSMEIS Loan Application Form 2022 – Reopens for Fresh Applicants.
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