NIRSAL CBN AGSMEIS Loan Application Guide 2023/2024

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Grow your business with NIRSAL Microfinance Bank, your true MSME Partner. Access CBN loans for small businesses for as low as 9%.

What is AGSMEIS?

The Agri-Business/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.

Loan Eligibility

  • Registered business name (Enterprise or Limited Liability)

How Does It Work

Step 1

Get Trained

Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).

Step 2

Apply For Loan

The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Step 3

Receive Funds

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

Step 4

Get Business Support Services

The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.

Step 5

Make Sales

Sell products and services to pay back loan and make profit.

Step 6

Repay Loan

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

How to Apply for NIRSAL CBN Loan

For more information and to apply, visit https://agsmeisapp.nmfb.com.ng/

Comments (24)

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  1. Aliyu says:
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    Is the loan still going on or has it bin closed

    • Editorial Staff says:
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      Hello, Aliyu
      Thanks for your comment.
      Definitely, at this point, the answer is ‘YES’ which means that the loan is still ongoing.

    • Aliyu Rabiu says:
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      I applied when disbursement will be start

  2. Samuel ovey Stephen says:
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    For businesses

  3. EMMANUEL O SAMUEL says:
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    I applied since March this year, I did the interview in June. Up till now. They have not call for approver. Please why. I am loosing hope already

    • Editorial Staff says:
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      Hello, Emmanuel O Samuel
      Thanks for your comment.
      Losing hope at this point simply means that you shouldn’t have applied for it at first. Keep exercising patience and you will have a reason to smile some day. Never lose hope because the best is yet to come.

  4. Isah aliyu umar says:
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    I have submitted to my loan form ,I am waiting for interview. Thanks NIRSAL.

    • aminu muhammad abdullahi says:
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      I have submitted am waiting for interview pls

  5. LUCKY NDUOGU says:
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    I really want to know if this program and process has been put to hold, because I have completed the registration, and have not been called.

  6. Akika Wisdom says:
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    My names are Akika wisdom.i apply for the laon,finished my one week training programme with Abuja enterprise agency ,September 2019.till date,I have not accessed the laon.my awere that covid 19pandemic slow down the process,the nirsal officials should should be a bite fasting the process.thank you

  7. Ezekiel A.Balogun says:
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    my name is Ezekiel Balogun, I have completed my loan form,I have also finish my training through Africa leadership forum, I have also upload my business plan,I have not receive any loan,on my portal,they said loan started 9/8/2020
    and I have not receive any loan
    I dont know what is happen.
    thanks

  8. Aminu Abubakar Ahmad says:
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    Why I try it many times sir I didn’t get any thing

  9. Gbenga Aledare says:
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    I applied and went for interview in June . I am yet to hear anything since then

  10. Sale yau musa says:
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    I’m apply, but I’m not seeing any response please is there any help?

  11. peterowoicho says:
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    How long does it take for the EDI to call applicants for training?

  12. peterowoicho says:
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    How long does it take the EDI to call applicants for training?

  13. Zakaria Ahmad says:
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    Hello I did my interview since may up to now nothing from nirsal or CBN.please how can I check my loan status.

  14. Okorie Ogbonnaya T. says:
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    Please how do I track the progress of my application?
    Thank you.

  15. Sunusi Samaila Falgore says:
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    Hello, i have apply uploaded my business plan and also trained so also i am interviewed since June of this year 2020 up to now nothing. no any messages or feedback to known what’s going on, the big issue here is that many applicants are applied after me and they have already got approval and disbursement. Please let me know what is happening.
    thanks
    Sunusi Samaila Falgore
    Mr. Nigeria in NickName

  16. Nancy Odu says:
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    Please I didn’t get an Email about my training center

  17. Oluwadare George says:
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    I uploaded my business plan through simplify credit since August 2020 up till now I haven’t been called for interview. What happened, I am worried?

  18. hasbel2000 says:
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    I have apply since Start with your GSM No. not online registration, but I’m not seeing any response please is there any help?

  19. MAGAJI USMAN says:
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    PLEASE HELP NIGERIAN WE NEED BUSINESS WE DON’T have MONEY IAM FISHING FARMER MY APP is 100% PLEASE HELP WE BEGIN YOU

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