All You Need To know About AGSMEIS LOAN SCHEME

All You Need To know About AGSMEIS LOAN SCHEME 

AGSMEIS LOAN SCHEME Grow your business with NMFB, your true MSME partner

An initiative for sustainable development and employment generation

i. What is AGSMEIS?

ii. How do I access the loan?

iii. What is the interest rate for this loan?

iv. Do I need collateral?

v. Has disbursement started?

vi. Upon approval of my loan can the funds be released to me as i deem fit?

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.

HOW IT WORKS

Get access to affordable loans to start and grow you business in 6 steps

Get Trained

Attend a compulsory training with a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).

Apply For Loan

Create an account by clicking on ‘Apply now’ as an applicant, validate your BVN and select a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).

Receive Funds

Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Get Business Support Service

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.

Frequently Asked Questions

Here is a collection of Most Asked Questions about the AGSMEIS Scheme. If you can't find the question you wish to get answers to, please reach us on Twitter.

How do I access the loan?

Interested applicants are to visit https://agsmeisapp.nmfb.com.ng/onboarding or visit https://agsmeisappv2.azurewebsites.net/ and create an account which will enable them start the application process, or visit any of the NMFB Certified EDIs to guide

What is the interest rate for this loan?

The interest rate is currently at five percent (5%) per annum.

Do I need collateral?

No, this loan scheme does not require a collateral.

Has disbursement started?

Yes we have disbursed over N95B and this is still ongoing.

Upon approval of my loan can the funds be released to me as i deem fit?

No. Your approved loan amount will be disbursed to your NMFB account. For the purchase of your equipment(s)/machineries, this will be handled by one of the NMFB's certified Vendors while the working capital funds will be accessible through your account for withdrawal, upon meeting all terms and conditions.

Support

info@nfmb.com.ng

+2347041800003

Social Media

Contact

House 1, Plot 103 /104, Monrovia Street, Wuse 2 , Abuja.