Posted on

NEEDING FUNDS TO BOOST YOUR BUSINESS? CHECK OUT CBN INTERVENTION FUNDS

Needing funds to boost your business? Check the following CBN Intervention Funds Below:
• COVID-19 TARGETED CREDIT FACILITY
• AGSMEIS (The Agri-Business/Small and Medium Enterprise Investment Scheme) and
• CIFI (Creative Industry Finance Initiative)
How to Benefit:
1) AGSMEIS: Under this scheme, you can get up to N10million as
an existing business. However, if you are a starter business, the
highest you can access under this scheme is N3million. The
Scheme supports agricultural businesses and small/medium
enterprises (SMEs) as vehicles for sustainable economic
development and employment generation.
The AGSMEIS requires mandatory training with an EDI and a
standard business plan. You can follow any of the links below
to pay and download business plans for some of the popular
businesses supported by the scheme below:
ii. Rice Milling Business https://paystack.com/pay/oik4y09xru
iii. Table Water Business https://paystack.com/pay/5f-wcvtigv
iv. Fashion/Design Business https://paystack.com/pay/hvg3l-05zz
v. Grains/Seeds Processing https://paystack.com/pay/-j4tboytl2
2) CIFI (Creative Industry Finance Initiative)
The aim of this scheme is to provide long term financing for
entrepreneurs and investors in the creative and IT sub sectors.
Details:
i. Software Development (for Students): Maximum Amount
3million, Tenor 3yrs, Moratorium 9months,
ii. Movie Production 50million, 10yrs tenor, 24months moratorium
iii. Movie Distribution 500million,10yr tenor , 24months moratorium
iv. Fashion/Design
v. Information Technology etc
To benefit, just go with your business plan or proposal and the necessary documentation and see your Account Officer with any commercial bank. Your Account Officer will submit your request for underwriting and subsequent disbursement. For a copy of Fashion and Design Business plan, click here to pay and download https://paystack.com/pay/hvg3l-05zz
3) COVID-19 TARGETED CREDIT FACILITY
Posted on

What is Wealth

Wealth is relative: You can earn N10,000,000 a year, but if you fritter

away everything, you have a lower net worth than someone making N1000,000 a year and spending N800,000 in a year and directing the remaining N200,000 towards savings/investment.

When you are financially comfortable enough to meet your personal goals, have a plan in place to not outlive your money, and feel freedom when it comes to money, that’s a rich life to live.

Trying to attain someone else’s version of rich usually only makes for an unhappy person with a nice bank account.

Posted on

Agricultural/Small and Medium Enterprises Investment Scheme (AGSMEIS)

This is a multi-million naira opportunity put together by the Bankers’ Committee where all the Deposit Money Banks (DMBs) are required to deduct and remit to a designated account domiciled in with the Central Bank of Nigeria (CBN), 5% of their profit after tax (PAT) which will be made available to entrepreneurs  as loans to be invest in permissible activities. This opportunity is unique because of the following reasons:

  • It does not require collateral
  • Individuals can also apply and get the loan without necessarily having a company
  • An individual can access up to N10,000,000
  • To access more than N10,000,000 you need to be a registered business. Call us to help register a business for you today 08064240171
  • The loan can be paid back within a maximum period of ten (10) years.
  • The loan is for a single digit interest rate of of 5%

Objectives of the Scheme

  1. Ensure access to finance for SMEs
  2. Generate much needed employment opportunity in Nigeria
  3. Develop agricultural value chain and ensure sustainable agricultural practices. etc.

Permissible Businesses under the Scheme

  1. Agricultural investments which include production, storage, processing and logistics
  2. SMEs in the real sector as well as services sector which are backward integrated into manufacturing, agriculture, mining, modular refineries, including local initiatives in information and communication technology (ICT)
  3. Other activities as may be determined by the Bankers’ Committee from time to time.

Take Action Now

To partake in this juicy opportunity, you need to be trained by a CBN designated Entrepreneurship Development and Training Centre (EDC) and be issued a certificate before you can apply for the loan. Call the Institute of Advanced Entrepreneurship Research and Dev. now on 08064240171 and start the process that will lead you to a collateral free multi-million naira loan opportunity that will change your life for ever.

Paddy Naakombo, ACA