Dear Entrepreneur,
PLEASE BE INFORMED THAT THE AGSMEIS LOAN IS CURRENTLY UNDERGOING SOME RESTRUCTURING AND BECAUSE OF THIS WE HAVE TEMPORARILY STOPPED TRAINING OF APPLICANTS. WILL MAKE AN ANNOUNCEMENT WHEN WE RESTART
Are you looking for a collateral free loan to start or support your business?
With the Central Bank of Nigeria (CBN) AGSMEIS loan you can get up to N3m Collateral Free Loan.
See testimonies of people that have gotten the loan below.
To access the loan you MUST first get trained by a CBN/Nirsal accredited Entrepreneurship Development Institute (EDI).
Kudi Konsult has been accredited to offer this training (online and physical). Upon completion of training we issue certificates and also upload on the Nirsal loan portal .
Our Company will also be available to provide all necessary support through your loan application process.
TO GET STARTED
OR
EMAIL: loans@kudikonsult.com
OR
CALL: 09049386246 (Available MON- FRI between 9am- 5pm)
FREQUENTLY ASKED QUESTIONS (FAQs)
What is NIRSAL Microfinance Bank?
The NIRSAL Microfinance Bank is a financial institution licensed by the Central Bank of Nigeria (CBN) in Nigeria. The Company commenced operations as a National Microfinance Bank and is owned 50% by the Bankers Committee, 40% by the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and 10% NIPOST.
What is AGSMEIS?
Agric, Small and medium enterprise scheme (AGSMEIS) is an initiative of the CBN through the NIRSAL Microfinance Bank which seeks to empower Agri-businesses/Small and Medium Enterprises with the resources to thrive at an affordable rate.
This initiative mandates all Deposit Money Banks (DMBs) to set aside 5% of their annual profit after tax (PAT) to fund the scheme and currently the fund has disbursed about N25b to SMEs
Who is eligible for AGSMEIS?
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)
- Other businesses as determined by CBN
What are the features of AGSMEIS?
- Interest Rate: 5%
- Tenor: 7 years
- Moratorium: Maximum of 18 months on Principal and 6 months on Interest
What are the steps to apply for the loan?
- Start application process on AGSMEIS LOAN PORTAL and select KUDI KONSULT SERVICES (Under Kwara State) as your preferred training Institute (Note that your location does not matter because NIRSAL MFB has allowed online trainings and we have a well developed online training system which is conducted via Zoom every week).
- Attend training at Kudi Konsult and obtain certificate of attendance. We would also upload your Certficate on portal
- Develop business plan on portal. We are available to support you in putting together a viable buhsienss plan.
- Provide Guarantor Information (BVN and Email) which would be validated on the portal.
- All applicants are now required to take the online assessment which has replaced physical interview. The assesement will ask questions relating to the business
- If successful, application is formally submitted and a message is sent to the applicant stating that the application for the loan has been duly submitted. (Note that a successful submission is NOT A LOAN APPROVAL). If unsuccessful, applicant will be notified and will only be eligible to reapply after 6 months
- Loans are paid into the account of beneficiaries.
What are the requirements of AGSMEIS loan?
- Duly completed application on portal
- Certificate of training from a CBN certified Enterprise Development Institution
- Submit Business Plan and Loan Application
- Provide Two Guarantors who have good credit history.
- Pass Online Assessment (This replaces physical interview)
How long before I receive funds?
This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement should take about eight(8) weeks.
How is Kudi Konsult involved in this?
Kudi Konsult has been certified by NIRSAL Microfinance Bank as an Enterprise Development Institute (EDI) and in that capacity we are empowered to train and assist you in getting all necessary documents required to secure the loan.
At the end of the training session we will be issuing applicants with certificates and would also be uploading the information of applicant on the portal to enable continuation of the loan process.
TO GET STARTED
OR
EMAIL: loans@kudikonsult.com
OR
CALL: 09049386246 (Available MON- FRI between 9am- 5pm)
