HOW TO APPLY FOR JAIZ BANK PLC/SMEDAN MATCHING FUND 2022 PROGRAMME FOR MSEs

As a concept, pioneered in Nigeria by Development Finance Institutions (DFIs), fund matching has since been embraced by most financial institutions for making credit/financing available to micro and small enterprises (MSEs).

The strategy requires the fund matching partners (often a Financial Institution and an MSME-promoting institution/ Government) to share the risks of making funds.

The joint programme partners – Jaiz Bank Plc and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) – hereby invites applications from all suitably-qualified micro and small enterprises (MSEs) located in Katsina, Nasarawa, Niger, Kogi, Jigawa, Bauchi, Adamawa and Gombe.

It should be clearly understood that programme particulars set out in paragraphs 1 – 3, above, form the basis for consideration of financing requests under this programme.

Applications from qualified micro and small enterprises for facilities under this programme shall be received over a period of six (6) weeks or when the allocated quota of business plans per participating state is exhausted (whichever comes first).

The financing tenor is for a maximum period of 30 months, effective from the date of first disbursement. This is inclusive of moratorium (which may vary between 3 – 6 months, depending on the type of enterprise).

Beneficiaries must complete a finance application form, sign all necessary documents with Jaiz Bank Plc, and shall also bear cost of all approved charges (i.e. Application fee of N5,000.00 and N5,000.00 for cost of conducting credit search on beneficiaries on at least two (2) Credit Bureau sites for processing facilities which is in line with the CBN regulatory provisions and RTGS transfer charges.

These total N10,000.00 for both fees). The mandatory Agricultural Insurance cover by NAIC and also the key man Takaful insurance by a reputable Takaful company applies to all beneficiaries over the project life.

Applicable Security: In line with the conditions/provisions of this programme, processing of this facility will require fulfilment and provision of the following:

Provide Bank Verification Number (BVN).
Execute Global Standing Instruction (GSI) order.
NIRSAL Credit Guaranty Cover.
A moveable asset to be registered under the National Collateral Registry (NCR), in line with CBN policy for facility/financing above N500,000.00.
Key man risk Takaful insurance cover.

How to Apply

Interested applicants should: Apply Here

For more Information, visit JAIZ BANK /SMEDAN MATCHING FUND PROGRAMME 2022 FOR MSE’s

Important Notes

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.
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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

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HOW TO APPLY FOR JAIZ BANK PLC/SMEDAN MATCHING FUND 2022 PROGRAMME FOR MSEs

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