This post is about 2020/2021 Update on CBN AGSMEIS COVID-19 Loan for Households and SME Scheme Grants. At the end of article you what is required for successful applicants through to get credited to your account successfully.
The Agric, SME, Scheme (AGSMEIS) loan, and the CBN Covid-19 households, MSMEs support fund. Those who took action and applied are now getting text messages for fund pickup.
Portal is now open for interested individuals to apply online and get Loan from Federal Government through Federal Ministry of Youth and Sports Development. Do you own an Agri-business, whether small or medium scale, this is your opportunity, grab it now and grow your business to your desired heights.
Steps involves to get access to CBN AGSMEIS COVID-19 Loan for Households and SME Scheme Grants
- Get Trained – Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).
- Apply For Loan – The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan
- Receive Funds – Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
- Get Business Support Services – The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.
- Make Sales – Sell products and services to pay back loan and make profit.
- Repay Loan – Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.
Successful applicants are required to do what is required of them as contained in the email message sent to enable them receive their fund.
How to apply/register successfully for CBN AGSMEIS COVID-19 Loan for Households and SME Scheme Grants
- The process is easy. You can begin on your phone, your tablet or your laptop. Submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic.
- We review your application and forward the application to the CBN for final approval.
- CBN reviews applications and gives final approval for disbursement to NMFB
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