Hot News!!! Nirsal MFB has taken over AGSMEIS Loan from CBN


AGSMEIS Loan Application is in progress as at the time of publishing this post.

You can access up to N10M at 9% per annum for up to 7 years from the Agric, Small and Medium Enterprise Scheme (AGSMEIS), an initiative from Central Bank of Nigeria (CBN) – without collateral.

The AGSMEIS scheme is an initiative of the Bankers’ Committee in a bid to support and complement the Federal Governments’ efforts at promoting Agri-businesses/Small and Medium Enterprises as a vehicle for sustainable economic development and employment generation.

Objectives of Agric, Small and Medium Enterprise Scheme (AGSMEIS) The objectives of the Scheme include : To ensure Small and Medium Enterprises (SMEs)have access to finance To generate much-needed employment opportunities in Nigeria To develop agricultural value chain and ensure sustainable agricultural practices To boost the managerial capacity of Agri-Business/SMEs as pipelines of growing enterprises that can become huge corporate organizations.

AGSMEIS Loan Eligibility MSMEs in the following sectors are eligible: 

Agricultural businesses, Education, Health, Services (Hospitality, Restaurants, Catering, Services, etc), ICT, Manufacturing/Production, Mining, Creative Industry (Fashion, Design, Crafts, Entertainment, etc)

1. 2. 3. 4. 5. 6. 7. 8.

CBN AGSMEIS Loan in Nigeria How To Apply For AGSMEIS Loan In Nigeria Without Collateral.

Step 1 Log on to and register as a User.

Step 2 Select the Entrepreneurship Development Institution you will like to train with. For individuals in Ogun state or southwest Nigeria, choose Innovations Design Entrepreneurship Strategies Center as your preferred EDI.

For groups, associations, cooperatives etc anywhere in Nigeria choose

 Innovations Design Entrepreneurship Strategies Center as your preferred choice!

Step 3 Get Trained Attend a compulsory training at

 Innovations Design Entrepreneurship Strategies Center which is a CBN/NIRSAL MFB certified EDI

Step 4 Apply For Loan The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan.

Step 5 Interview The NIRSAL Microfinance Bank invites you for an interview where you defend the viability of your business and the purpose of the loan.

Step 6 Receive Funds Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 7 Get Business Support Services The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.

Step 8 Make Sales Sell products and services to pay back loan and make profit.

Step 9 Repay Loan Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.

What is the AGSMEIS Loan Interest Rate? – (9%) per annum.

About NMFB The National Microfinance Bank is a leading Nigerian financial institution licensed by the Central Bank of Nigeria (CBN) in Nigeria. The Company was incorporated as a Private Limited Company in 2019 and commenced operations following the grant of a licence by the Central Bank of Nigeria to operate as a National Microfinance Bank in the same year. It is Owned 50% by the Bankers Committee, 40% by NIRSAL and 10% NIPOST. So far the bank has disbursed approximately 776 million in loans to eligible SMEs under the AGSMEIS.

Got questions with this article? Please use the comment section and don’t forget to share!!!

6 Replies to “Hot News!!! Nirsal MFB has taken over AGSMEIS Loan from CBN”

      1. please how about dose that already applied to CBN and have been screen and submitted all the necessary documents what can we do?
        should we apply again with NIRSAL?

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