Teagirl:
if you are a farmer and you stay in abuja... Contact me, am looking for people in agric business to come acces loan

Lesgupnigeria:
If you don't have collateral why not try out the other financial institution that you can deposit 20% of the loan to be borrowed as equity to access fund?

Lesgupnigeria:
No more worries about who to talk when starting out,you can send a mail or call me for advise,free mentorship for a headstart in your agribusiness.

You can also book one-on-one arrangement to discuss about how to succeed in the business of agriculture.
It is absolutely Free.

jam04:
The loan is also easier to get through a recognised national association like cooperative thrift society, PAN( poultry association of nigeria), Mayetti allah, FU( farmers Union) e.t.c

When you go through such recognised associations, you won't have to drop a collateral as the association serves as your guarantor.

Don't let anyone deceive you the payment terms for start up is 9% interest per annum paid in one year and NOT 6 months. Report any account officer who say otherwise.

Lesgupnigeria:
I hope this will be helpful for people looking to access loan for agricultural business


Finally the Central Bank of Nigeria has published the procedure for accessing the fund. Find text below.

1.0 Is your business in any of the following areas?
. Agriculture
. Manufacturing
. Cottage Industries
. Artisanship
. Services
. Trade and general Commerce
. Renewable energy/energy efficient products and technologies
. Other income generating projects as may be prescribed by the CBN

2.0 If “Yes”….
2.1 Prepare your business plan or statement on how much you want for your business
2.2. You can get loan of up to:
(a) N500,000.00 for your micro-business; and
(b). N50 million for Small & Medium Enterprise (SME)

2.3. Go to your bank or any of the following institutions to access the Fund:
. Microfinance Banks
. Commercial Banks
. Cooperatives
. Finance Companies
. NGO-Microfinance Institutions
. Development Finance Institutions, i.e. Bank of Industry and Bank of Agriculture

3.0. Tell your bank how much you need

4.0. Your bank will discuss your request and provide you the money
4.1 The maximum interest rate of 9.0% p.a (charges inclusive) is applicable to all loans

5.0. Period for the repayment of the loan:
a) For micro business, it is a maximum of one year
b). For small and medium enterprises, it is a maximum of three years

NOTE: 60% of the Fund is reserved for enterprises owned by women; 2% for persons living with disability and 10% for start-up businesses.

There have been reports of bank branches claiming ignorance of the fund. In that eventuality or for more information, please send e-mail:
msmedf@cbn.gov.ng

MWTH:


This funds has been there for over 5 years. I'm an ex-banker with experience in disbursing these loans.
It's accessible in very few banks from the knowledge I have. So don't go and waste your time in any bank that has no history of disbursing such facility.
Requirements:
1. A thorough business plan with 6 months as your break even period.
2. Ensure you have your 3 years tax report
3. Get a collateral - This could vary from Land with C of O to cash equivalent as fixed deposit & if you already have stock, then you can allow for valuation of your stock and you will be qualified for at most 75% of the value of the collateral but must be within the single obligor's approval limit.
4. Your bank statement of account showing history of transactions within the last one year.
5. You also need your books of account in case you don't have a bank statement. Though some banks may ask for both.
6. You need to have the business site on ground for inspection to enable the account officer dealing with you to snap and send to credit RIsk MAnagement for appraisal
7. You also need to have a corporate account or probably join a group of cooperative to access it as a group.
Finally, your business plan must be able to address your target market; expected turnover monthly; marketing plan; sales technique n delivery process while bearing in mind your pricing that will bring you to a break even; the market consumption gap you want to fill.
I hope this serves.

WWW.marketing with trump hills.com; WWW.buildyourdreamhouseng.com

Meet me on Facebook Tim Ede-Abel
I have loads of Marketing, Sales & Business Development skills I'm giving out for free.
Meanwhile I also run radio programs for Young Hustlers & money Talks with Tim Abel on Armed Forces Radio 107.7FM Abuja every Monday 11-12. We can help showcase your products for free on my platform.

Thank you

Lesgupnigeria:
No more worries about who to talk when starting out,you can send a mail or call me for advise,free mentorship for a headstart in your agribusiness.

You can also book one-on-one arrangement to discuss about how to succeed in the business of agriculture.
It is absolutely Free.

Lesgupnigeria:
I hope this will be helpful for people looking to access loan for agricultural business


Finally the Central Bank of Nigeria has published the procedure for accessing the fund. Find text below.

1.0 Is your business in any of the following areas?
. Agriculture
. Manufacturing
. Cottage Industries
. Artisanship
. Services
. Trade and general Commerce
. Renewable energy/energy efficient products and technologies
. Other income generating projects as may be prescribed by the CBN

2.0 If “Yes”….
2.1 Prepare your business plan or statement on how much you want for your business
2.2. You can get loan of up to:
(a) N500,000.00 for your micro-business; and
(b). N50 million for Small & Medium Enterprise (SME)

2.3. Go to your bank or any of the following institutions to access the Fund:
. Microfinance Banks
. Commercial Banks
. Cooperatives
. Finance Companies
. NGO-Microfinance Institutions
. Development Finance Institutions, i.e. Bank of Industry and Bank of Agriculture

3.0. Tell your bank how much you need

4.0[b]. Your bank will discuss your request and provide you the money[/b]
4.1 The maximum interest rate of 9.0% p.a (charges inclusive) is applicable to all loans

5.0. Period for the repayment of the loan:
a) For micro business, it is a maximum of one year
b). For small and medium enterprises, it is a maximum of three years

NOTE: 60% of the Fund is reserved for enterprises owned by women; 2% for persons living with disability and 10% for start-up businesses.

There have been reports of bank branches claiming ignorance of the fund. In that eventuality or for more information, please send e-mail:
msmedf@cbn.gov.ng

Gidiboss89:
how can I get in touch?

zayons:


yes I am one of the beneficiary of the CBN loan . although it is a long process but real. interest is 9% per annum. am still repaying monthly.

Lesgupnigeria:
I hope this will be helpful for people looking to access loan for agricultural business


Finally the Central Bank of Nigeria has published the procedure for accessing the fund. Find text below.

1.0 Is your business in any of the following areas?
. Agriculture
. Manufacturing
. Cottage Industries
. Artisanship
. Services
. Trade and general Commerce
. Renewable energy/energy efficient products and technologies
. Other income generating projects as may be prescribed by the CBN

2.0 If “Yes”….
2.1 Prepare your business plan or statement on how much you want for your business
2.2. You can get loan of up to:
(a) N500,000.00 for your micro-business; and
(b). N50 million for Small & Medium Enterprise (SME)

2.3. Go to your bank or any of the following institutions to access the Fund:
. Microfinance Banks
. Commercial Banks
. Cooperatives
. Finance Companies
. NGO-Microfinance Institutions
. Development Finance Institutions, i.e. Bank of Industry and Bank of Agriculture

3.0. Tell your bank how much you need

4.0. Your bank will discuss your request and provide you the money
4.1 The maximum interest rate of 9.0% p.a (charges inclusive) is applicable to all loans

5.0. Period for the repayment of the loan:
a) For micro business, it is a maximum of one year
b). For small and medium enterprises, it is a maximum of three years

NOTE: 60% of the Fund is reserved for enterprises owned by women; 2% for persons living with disability and 10% for start-up businesses.

There have been reports of bank branches claiming ignorance of the fund. In that eventuality or for more information, please send e-mail:
msmedf@cbn.gov.ng

Lesgupnigeria:

I will send to you some updated info that will be useful for you to access agric loan.
You can be expecting it tomorrow.

MWTH:


This funds has been there for over 5 years. I'm an ex-banker with experience in disbursing these loans.
It's accessible in very few banks from the knowledge I have. So don't go and waste your time in any bank that has no history of disbursing such facility.
Requirements:
1. A thorough business plan with 6 months as your break even period.
2. Ensure you have your 3 years tax report
3. Get a collateral - This could vary from Land with C of O to cash equivalent as fixed deposit & if you already have stock, then you can allow for valuation of your stock and you will be qualified for at most 75% of the value of the collateral but must be within the single obligor's approval limit.
4. Your bank statement of account showing history of transactions within the last one year.
5. You also need your books of account in case you don't have a bank statement. Though some banks may ask for both.
6. You need to have the business site on ground for inspection to enable the account officer dealing with you to snap and send to credit RIsk MAnagement for appraisal
7. You also need to have a corporate account or probably join a group of cooperative to access it as a group.
Finally, your business plan must be able to address your target market; expected turnover monthly; marketing plan; sales technique n delivery process while bearing in mind your pricing that will bring you to a break even; the market consumption gap you want to fill.
I hope this serves.

WWW.marketing with trump hills.com; WWW.buildyourdreamhouseng.com

Meet me on Facebook Tim Ede-Abel
I have loads of Marketing, Sales & Business Development skills I'm giving out for free.
Meanwhile I also run radio programs for Young Hustlers & money Talks with Tim Abel on Armed Forces Radio 107.7FM Abuja every Monday 11-12. We can help showcase your products for free on my platform.

Thank you

fuke:


Not exactly.
You will write a comprehensive business plan including marketibnbg plan, cash flow statement, cash forecast.
The proposal must be bankable.

having satisfied your bank with this, the bank then sends your application to the cbn who approves or not.

If CBN approves, it then comes to your branch for disbursement.
Bottom line, You need to have a bankable plan.

Lesgupnigeria:

I will send to you some updated info that will be useful for you to access agric loan.
You can be expecting it tomorrow.

Masky2000:


Please send to me too, I am also interested, my email is (adymask@yahoo.com).

explorer2:
bros its people like u I've been looking for, am just newbie in agribusiness so how can I contact u pls when u give out ideas u are blessed with more tanks.

topfally75:

PLEASE CAN SALARY ACCOUNT BE USED AS COLLATERAL? THANKS.

bizgai:
can I have yor number

bizgai:
can I have yor number

mradjoy:
Exactly what I have been waiting for, thanks bro

lilreese:
Thanks for the info