ICDA-NIRSAL-LOGO
Access up to N10 Million to expand an existing business or N3 Million for startup with CBN-NIRSAL AGSMEIS Loan

What is AGSMEIS?

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

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Who is Eligible?

Those in agribusiness and SMEs in the following sectors:

1. Agriculture & Agro-allied Processing 13. Telecommunications
2. Art &Entertainment 14. Hospitality
3. Automobile Services 15. Health Services
4. Fashion and Dressmaking 16. Welding and fabrication
5. Catering & Event Management 17. Animal Husbandry
6. Courier & Delivery Services 18. Cosmetics, Beauty and Makeup Artistry
7. Creative Industry 19. Electrical and Electronics
8. Apparels and Textiles 20. POP and Tiling
9. ICT 21. Carpentry
10. Cottage Industry 22. Masonry
11. Media 23. Kerbs and Electric Pole making
12. Publishing 24. General Management (applicable to all disciplines)

 

How Does It Work

Frequently Asked Questions

How do I access the Loan?

Get trained by International Center for Development Affairs (ICDA), a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.

What is the interest rate for this loan?

The interest rate is nine percent (9%) per annum. You can repay the loan in 1 - 7 years.

Do I need collateral?

No, this loan scheme does not require a collateral.

How long will it take to receive funds?

This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement takes six(6) to eight(8) weeks.

Has disbursement started?

Yes we have disbursed over N25B and this is still ongoing.

Can someone be disqualified after training and application?

Yes but the Entrepreneurship Development Institute (EDI) will guide you through the loan application process and ensure that all your documents are complete.

How much will I pay?

AGSMEIS Loan Training: NGN10,000

AFTER TRAINING
Business Plan Development: NGN5,000
Application Upload: NGN2.000

What is the Online Training Schedule?

5 Day Training // Monday - Friday

  • The training is scheduled five days with pre-recorded training videos which you can watch from you comfort of your homes and offices.
  • You will be added to the WhatsApp group of your class where you can ask questions and connect with your Cohort from 9AM to 5PM Daily.
  • At the end of each day, there will be an assessment. After the training your Certificate will be sent to you.
  • After your training and certification ICDA will help you begin the process of your loan application.