by Demi

Learn how to apply for a collateral-free CBN loan through NIRSAL and download the NIRSAL business plan template for your business.

You can get a standard Agricultural business plan – small and medium scale investment scheme, collateral-free Federal government’s CBN loan through The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) National Micro Finance Bank.

Access up-to 10 Million Naira collateral-free loan for your business – Applications are opened for FG’s CBN Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS). AGSMEIS is a strategy to sustain economic development and increase employment. It’s the FG’s initiative to encourage agricultural businesses and small and medium scale enterprises.

From the application portal, select the nearest CBN Certified Entrepreneurship Development Institute (EDI) to you. Be sure to have complete documentation of all that is required. The institute would educate and support you in your business implementation and other business-related spheres.


 Agriculture
 Artisan and Vocation
 Beauty and Cosmetics
 Creative Arts and Entertainment
 Fashion and Textile
 Furniture and Interior Design
 Hospitality and Tourism
 Information Communication Technology
 Oil and Gas
 Waste Management and Recycling etc


 The interest rate for the loan is 9% per year
 It requires no collateral (Collateral free)You do not need to register your business with CAC before you can apply. However, your business needs to be registered before you submit your business plan. This is because your registered business document is part of the required documentation to be submitted. You also need this document to open a corporate account where the loan will be disbursed too.
 You would need the expertise of a professional to fill the Microsoft Office Excel Worksheet financial model that is required to be filled by the NIRSAL Micro-Finance Bank. This is advised.

 The loan process has been made seamless, friendly and optimal. Hence, the loan application
to access to loan should not exceed ten weeks.

 The loan system is interactive. Loans are paid to the company accounts of beneficiaries
while unsuccessful candidates are feedback on their status.
 Loans are expected to be paid in 7 years. However, 2 years moratorium is given. This brings
the repayment process to 9 years.
 Thus far, over 2 Billion Naira has been disbursed and disbursement is still on

PS: It is in your best interest to run your business to profitability. Keep your books/records. Be in
the know of your expenditure and sales. Pay your loan back without deterring. This is a smart and
strategic thing to do. Also, it is advised that you click ‘partnership’ as a supposed sole proprietorship when you are
applying for the loan.
Finally, training for CBN’s Certified Entrepreneurship Development Institute (EDI) is not free. The training would be done before the loan is disbursed and costs Ten thousand naira only. Having THE 5 years’ financial analysis for your chosen business gives you leverage in securing the loan.

How To Download NIRSAL Business Plan Template (AGSMEIS/CBN) PDF and Doc (With financial analysis)

Pay the sum of N8000 (eight thousand naira only)to the account detail below:
Bank: GTBank
Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me)
Ac/No: 0238933625
Type: Saving

P.S: We can also tailor the business plan to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for enquiries

Thereafter, send us your email address through text message to +234 701 754 2853The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the Business Plan for NIRSAL Microfinance Loan Application to your email address where you can easily download it.

You may also like

1 comment

Download Business Plan for Bank of Agriculture Nigeria Loan | Liveandwingit May 27, 2020 - 10:14 pm

[…] business plan for bank of agriculture Nigeria Loan? You can use this business plan guide for your CBN, BOI, BOA […]


Leave a Comment

Social Media Auto Publish Powered By :