CBN AGSMEIS Loan Without Collateral for SMEs in Nigeria
The CBN AGSMEIS loan without collateral is an Agri-Business/Small and Medium Enterprise Investment Scheme with the support of the Federal Governments of Nigeria efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation.
People can have access up to N10million at 5% per annum which is the initiative of the Central Bank of Nigeria (CBN) without collateral. The CBN AGSMEIS Loan application scheme is in progress with another loan grant for Nigerians as at the time we are publishing this article.
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CBN AGSMEIS Loan Without Collater Objectives
- Ensuring the Small and Medium Enterprises (SMEs) in Nigeria have access to finance
- Generating much-needed employment opportunities in the country
- Development of agricultural value chain and ensure sustainable agricultural practices.
- Boost the managerial capacity of Agri-Business/SMEs as pipelines of growing enterprises that can become huge corporate organizations.
CBN AGSMEIS Loan Eligibility
The following professionals listed below can partner with NIRSAL Microfinance Bank, one of the leading Nigerian financial institution licensed by the Central Bank of Nigeria (CBN) in Nigeria.

Creative and Art Industries
- Fashion, Beauty
- Apparels and textile
- Arts and Entertainments
Information Communication Technology (ICT)
- Telecommunications
- Media and Publishing
Industrial Manufacturing
- Agriculture and Allied Processing
- Automobiles
Hospitality
- Catering and Event Mangement
How do Eligible people can qualify and apply for the CBN AGSMEIS Loan Without Collateral
Step 1
Through training: You can attend a 1-week compulsory training at any CBN certified Entrepreneurship Development Institute (EDI). Check online for the list of CBN EDI Centres in Nigeria.
The CBN Entrepreneurship Development Institute Centres in Nigeria provide physical structures, training materials, equipment, human resources and other facilities that would assure internationally competitive, effective and sustainable services capable of meeting the needs of MSMEs in the country.
Step 2
You can apply for a loan: The CBN Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan. This is the AGSMEIS loan without collateral application form pdf sample I uploaded online for informative purpose. You can get the current application form from the CBN EDC that trained you.
Step 3
Getting funds: The loans are paid into the account of beneficiaries. Unqualified candidates are given feedback. You can apply online now
Step 4
Getting Business Support Services: The Entrepreneurship Development Institute (EDI) can assist you to implement a business plan and provide business support services commercially.
Step 5
Making Sales: You can sell products and services to pay back the loan with collateral and make a profit.
Step 6
Repaying the Loan: You can run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan
NB: The AGSMEIS loan interest rate is 5 per cent (5%) for the first five(5) years. If you obtain One Million Naira (N1,000,000), you will pay back One Million Fifty Thousand Naira(N1,050,000) throughout the duration of the loan.
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