AGSMEIS Loan Application Scheme For Small Medium Enterprises is a fund support for Small Medium Enterprises. see how to apply for AGSMEIS CBN Loan. This loan is a means of supporting Small Medium Enterprises who have been affected by the covid19 pandemic.
In this post i will show you how to successful apply for the AGSMEIS Loan. Also note that this loan is sponsor through the help of the CBN.
What Is AGSMEIS
The Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) is an initiative to support the Federal Government’s (FG) efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation
Who Is Qualify To Apply For The AGSMEIS Loan
All Nigerians Business men’s and women’s who have a registered business name. are the people qualify to apply for the AGSMEIS Loan 2020. All interested applicant are to Get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.
Steps To Get AGSMEIS Loan
Step 1: Get Trained
Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).
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.
Do I Need Collateral?
No, this loan scheme does not require a collateral.
What Is The Interest Rate For This Loan?
The interest rate is nine percent (9%) per annum.
How To Apply For AGSMEIS Loan 2020
All Interested and qualify candidate should CLICK HERE TO APPLY
Application Closing Date for AGSMEIS Loan 2020
Well as the time this post was published the closing date was not specified