The Agribusiness/Small and Medium Enterprise Investment Scheme (AGSMEIS) 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. In the NIRSAL-AGSMEIS Loan Scheme you can access up to 10million Naira fund to expand your business or 3million Naira to start one at an interest rate of 9% per annum with 6 Months grace period.
International Center for Development Affairs, as a NIRSAL Microfinance Bank approved Entrepreneurship Development Institute (EDI) to train aspiring entrepreneurs and business owners to qualify for the AGSMEIS loan. This prepares participants with the skills, attitude, knowledge, and certification needed to apply for the loan..
HOW LONG WILL IT TAKE TO RECEIVE THE FUNDS?
Each training runs for five (5) working days after which trainees will receive certificates within five (5) working days of graduation. Meanwhile, if you have NOT registered your business with the Corporate Affairs Commission (CAC), you are advised to do so. The process can take up to ten (10) working days. With your CAC certificate and ICDA Training Certificate you qualify to begin the application process for your loan. Upon successful submission of your application, you will be invited for interview at NIRSAL Microfinance Bank. It takes six (6) to eight (8) weeks from the date of submission to receive the loan with our guide..
WHO CAN APPLY?
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)|
ONLINE TRAINING SCHEDULE
5 Day Training // Monday - Friday
- The training is scheduled five days with training videos.
- You will be added to the WhatsApp group of your class where you can ask questions and connect with your Cohort.
- At the end of the training, there will be an assessment and certification.
- After your training and certification ICDA will help you begin the process of your loan application.
- AGSMEIS Loan Training = N10,000
- Business Plan Development = N5,000
- Application Upload = N2,000
NOTE: After registration, please pay your N10,000 training fees to enable join the classes