Are you an aspiring entrepreneur in Nigeria looking to fund your business dream? if your are, We are delighted to inform you about the ongoing CBN’s AGSMEIS Loan with Zero Collateral. Interested applicants should read carefully to know the Requirements for the Application before applying
How to Apply for CBN’s AGSMEIS Loan with Zero Collateral
Unleash Your Business Potential for An Expert Guide to CBN’s AGSMEIS Zero Security Loans
Get the latest information on CBN’s AGSMEIS Zero Security Loan. Learn about the requirements and the step-by-step application process. Boost your small or medium business with a loan of up to N10m at 9% APR, 7 years tenure and 18 months moratorium.
Stop looking! The Central Bank of Nigeria has enabled SMEs (Micro, Small and Medium Enterprises) to obtain unsecured loans designed to increase employment and promote sustainable economic growth in the country.
With over N95 billion disbursed, it is time to explore if the AGSMEIS loan is right for you.
What You Need to Know About CBN’s AGSMEIS Loan
- The AGSMEIS loan offers up to N10 million with 9% yearly interest, a 7-year term and an 18-month moratorium.
- Businesses in all areas of the agricultural value chain and in the manufacturing, mining and petrochemical sectors are eligible. Service-based MSMEs, especially in creative, ICT and other approved industries, can also apply.
Requirements for CBN AGSMEIS Loan
- Registered business with CAC
- Certification from an EDI
- BVN
- Passport photo and a guarantor
- Valid I.D. card
Complete Guide to Loan Application
- Complete Entrepreneurship Training: To receive the loan, applicants must complete a one-week training program at the Oko-Oba Agege/EDI Centre in Lagos, certified by NIRSAL MFB (EDI).
- Apply Online: After receiving training and obtaining a certificate of completion, apply for the loan online through the NIRSAL MFB portal.
- Review and Interview: Once your application is submitted, it will be reviewed by the CBN, and you may be contacted for an interview about your business.
- Receive Funds: If approved, the loan amount will be transferred to your NMFB account. The purchase of equipment/machinery will be handled by a certified vendor, while working capital can be accessed through your account after meeting terms and restrictions.
Disbursement and utilization of loans
If approved, the loan amount will be deposited into your NIRSAL MFB account, while the purchase of equipment/machinery will be processed by one of NIRSAL MFB’s certified suppliers. Working capital will be available through your account once you meet all terms and conditions.
If you do not meet the qualifications, feedback will be provided for improvement.
Don’t let a lack of security stop you from turning your business ideas into reality. Take advantage of this exciting opportunity and unleash your potential with CBN’s AGSMEIS loan.
In conclusion, the CBN AGSMEIS loan is a perfect opportunity for SMEs to unlock the potential of their agricultural business and contribute to the growth of the Nigerian economy. Don’t miss this opportunity to take your business to the next level.
Apply Here
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PLEASE NOTE:
- We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it. Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web
- We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
- Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
- We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
- Applications submitted after the deadline will not be considered.
- Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
- Only qualified candidates will be invited for interview
See Also: Apply for 2023/2024 EFCC Recruitment
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Important Notice
- The above statements are intended to describe the general nature and level of work to be performed by people assigned to it.
- They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
- All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed.
- We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
- Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.
- We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
- Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
- We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
- Applications submitted after the deadline will not be considered.
- Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
- Only qualified candidates will be invited for interview
Recommended: Ongoing Massive Recruitment for Academic & Non-Academic Staff at the University of Ibadan
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