CBN AGSMEIS Loan 2020: How to Apply Without Collateral Step by Step

AGSMEIS Loan 2020

This post is about central bank of Nigeria Loan program called “AGMEIS LOAN”

I personaly a few entrepreneurs who ha imernsly benefited from these AGMEIS Loan

With this Loan, you can access upto 10M Naira to boost your new or existing businesses, this is one of it’s kind loan opportunity for Agri-business, small and medium scale enterprise.

The best part:

Agmeis Loan is 100 Percent Without Collateral.

What is AGSMEIS?

The full meaning is Agri Business, Small Medium scale investment scheme

Is it a 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.

The Aim and Odjective of AGSMEIS Loan

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 an 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.

How to Get AGSMEIS Loan in 6 Simple Steps

Check AGSMEIS Loan Eligibility Below

You can access AGSMEIS Loan through Nirsal Micro finance Bank without Collateral in 6 Steps

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.

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.

You can Apply Here

Register one the website and fill your personal information and well as your business information

AGMSMEIS Loan Interest Rate

As at the time of writing this post, the loan is intrest rate is currently at 9%

The interest rate is nine percent (9%) per annum.

That is if you apply for 5,000,000, you will be paying back a total sum of 5,450,000 Naira in three years or more years ( depend on the number of years approved for your loan) which is cool to me.

What do you think?

Written by Paul

Expert in Digital Marketing, Video Animations, and Business Strategic


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