How To Access The New CBN Agric fund

The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government's efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation.

HOW IT WORKS

Interested applicants are to visit the https://agsmeisapp.nmfb.com.ng/and create an account which will enable them start the application process, or visit any of the NMFB Certified EDIs to guide.

The interest rate is currently at five percent (5%) per annum with no No collateral.

Get access to affordable loans to start and grow you business in 6 steps:

1.    Get Trained

Attend a compulsory training with a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).

2.    Apply For Loan

Create an account by clicking on ‘Apply now’ as an applicant, validate your BVN and select a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).

3.    Receive Funds

Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

4.    Get Business Support Service

The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially

5.    Make Sales

Sell products and services to pay back loan and make profit.

6.    Repay Loan

Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.

 

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