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 loan up to 10 million N10 million with only 5% interest rate without deposit.
Contents
Register for AGSMEIS Loan
Register your email for AGSMEIS Loan application and other updates
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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 loan up to 10 million N10 million with only 5% interest rate without deposit.
Before we show you how to apply for a AGSMEIS loan, let’s understand more by answering some quick questions.
Are you in agribusiness? Do you want to start your own small/medium business? if so Relax, this article is for you. Don’t forget to read to the end. so that you understand What is the Agri-Business / MSME Investment Program (AGSMEIS) and how to apply it?
We are excited to announce to the general public and stakeholders that the portal Agri-Business/MSME Investment Scheme (AGSMEIS) is now open to Nigerians.
Get access to affordable loans to start and grow you business in 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. Give feedback to unqualified people.
4. Get business support
The Institute for Organization Development assists in the implementation of business plans and the provision of commercial business support services.
5. Make a sale
Sell goods and services to pay off loans 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
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 TrainedAttend a 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 necessary documents required to secure the loan - Step 3
Recieve fundLoans 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 business plan and provide business support services commercially. - Step 5
Make SalesSell products and services to pay back loan and make profit. - Step 6
Repay LoanRun 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
For information vist NIRSAL
FAQ AGSMEIS
This is a list of frequently asked questions about the AGSMEIS concept. If you can’t find the question you need to answer, contact us on Twitter.
How to apply for a Agsmeis loan?
Interested parties can visit https://agsmeisapp.nmfb.com.ng/onboarding to create an account that will allow them to apply, or visit one of the NMFB Certification EDI Guides.
What is the interest on this loan?
Currently, interest rates are around five percent (5 percent) per year.
Do I have to make things my own?
No, this loan should not be a mortgage lender.
Have you started?
Yes, we paid through N95B and it is still happening.
With the consent of my mortgage lender, can money be spent based on my good advice?
The approved loan will not be deducted from your NMFB number. After purchasing the equipment / systems on the machine, this will be done by the NMFB seller, who will guarantee that the investment amount will be repaid by removing your account number, under all conditions.
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