AGSMEIS Loan - How It Works
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 do I access the loan
Get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.
Can Aiivon Train and certify me ?
Aiivon is a CBN-Certified Entrepreneurship Development Institute (EDI) and we can train you as well as provide you with the necessary support on your application
Do I need Collateral?
No, this loan scheme does not require a collateral.
What is the interest rate for this loan?
The interest rate is nine percent (9%) per annum.
How long will it take to receive funds?
This loan scheme is designed to be easily accessible. The entire process is automatted. From application submittion to disbursement takes six(6) to eight(8) weeks.
Have Disbursement Started?
Yes we have disbursed over N25B and this is still ongoing.
How long does the compulsory training take?
The compulsory training takes 5 days