One of the biggest credit facilities supported by the Central Bank of Nigeria is Agric-Business Small and Medium Enterprises Investment Scheme (AGSMEIS). It isn’t just designed to make Nigeria self-sufficient in what we consume, but also to reduce the rate of unemployment across the country. As an applicant, you must either have an existing agri-business … Read more
Loan applicants under the Agri-Business Small Medium Enterprises Investment Scheme (AGSMEIS) since the beginning of August 2021, started receiving messages from the Nirsal NIRSAL microfinance bank about the status of the fund applications. What is Loan Decline? Loan decline is a situation whereby a lender feels your application for a credit facility doesn’t meet the required … Read more
NIRSAL Micro Finance Bank (NMFB) has disowned members of his staff that are purportedly exploiting applicants of the Agri-Business Small and Medium Enterprise Investment Scheme (AGSMEIS). AGSMEIS is a loan of 5% per year which is provided by the Central Bank of Nigeria (CBN) through NMFB and other commercial banks in Nigeria. It’s granted to support business owners in Nigeria. … Read more
Do you know that there are up to six loans under the CBN intervention fund for SME Businesses and Agriculture? To apply for any of the loans, you need training certificate from CBN accredited Entrepreneurship Development Centres or Institute. One of such is Agric-Business Small and Medium Enterprises Investment Scheme, also known as AGSMEIS loan. … Read more
Do you know that it isn’t compulsory to provide an NMFB account to the ongoing COVID-19 TCF loan? However, you need to have an account with the CBN-backed microfinance bank. In this guide, we’ll tell you the requirements to open an account with Nirsal Micro Finance Bank and why you need it for the disbursement … Read more
Nirsal Micro Finance Bank (NMFB) has launched a new AGSMEIS loan application portal in order to make access to credit facility easier for Nigeria business owners. AGSMEIS means Agri-Business Small and Medium Enterprise Investment Scheme which grants the best and most affordable loan in terms of interest to business owners in Nigeria. It is a loan … Read more
The official portal for the Central Bank of Nigeria (CBN) COVID-19 targeted credit facility application has reopened for fresh applications. In this post, we’ll share with you the simplest way to submit your application for the COVID-19 credit facility, if your first application wasn’t successful. Who the loan is designed for The credit facility is … Read more
For small scale entrepreneur to access any of the loans supported by the Central Bank (CBN), he must have undergone specific training at Entrepreneurship Development Centres or EDC which are certified by the apex bank. Also known as Entrepreneurship Development Institute (EDI), the centres are saddled with the mandate of developing entrepreneurship spirit among Nigerians. … Read more
A lot of small business owners get confused when the Central Bank of Nigeria says it is supporting businesses with a loan. One of such is Agric Business, Small Medium Enterprise Investment Scheme. Some of them are quick to ask: How can I access a CBN loan? Will I have to visit the CBN branch … Read more