AGSMEIS Loan Program – Get Low-Interest Business Loans in Nigeria (2025 Guide)
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| AGSMEIS Loan Program |
If you're an entrepreneur or small business owner in Nigeria looking for affordable financing, the AGSMEIS Loan Program could be the opportunity you need in 2025. Offered through NIRSAL Microfinance Bank (NMFB) in partnership with the Central Bank of Nigeria (CBN), the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) provides single-digit interest loans with zero collateral to eligible businesses.
This guide explains everything you need to know: who is eligible, how to apply, interest rate, repayment terms, and approved sectors.
What is AGSMEIS?
AGSMEIS is a CBN-funded loan program aimed at promoting agricultural and small business growth in Nigeria. It was established to:
- Improve access to affordable finance
- Boost employment generation
- Support innovation and local production
In 2025, the scheme remains active under the supervision of NIRSAL Microfinance Bank (NMFB) with special focus on youth, women, and creative entrepreneurs.
Loan Features
| Feature | Details |
|---|---|
| Loan Amount | Up to ₦10 million |
| Interest Rate | 9% per annum (single-digit interest) |
| Tenure | Up to 7 years with optional moratorium (1 year) |
| Collateral | None required |
| Training | Must complete CBN-accredited entrepreneurship training |
Who Can Apply?
You are eligible if:
- You are a Nigerian entrepreneur or business owner
- Your business falls into an approved sector (see below)
- You have completed an Entrepreneurship Development Institute (EDI) training
- You have a Bank Verification Number (BVN) and a business account
- You submit a feasible business plan
Approved Business Sectors
- Agriculture (farming, processing, distribution)
- Education
- ICT/Tech
- Fashion and Design
- Creative Industries (film, photography, makeup, etc.)
- Healthcare
- Manufacturing
- Food Services and Hospitality
How to Apply (Step-by-Step)
-
Enroll for CBN-approved Training
Find a registered CBN EDI Center and complete training. -
Submit Business Plan
After training, submit a simple but detailed business plan. -
Apply Online
Fill out the loan application via:
NMFB AGSMEIS Portal -
Loan Review & Disbursement
If approved, funds will be disbursed directly to your business account.
Common Mistakes to Avoid
- Skipping the required training
- Submitting incomplete business plans
- Falling for fake agents — NMFB does not ask for bribes
- Applying without a valid BVN or business account
Benefits of AGSMEIS
- Affordable finance with low interest
- Access to free CBN-approved training
- Encourages proper business planning and documentation
- Improves your credit history for future financing
AGSMEIS remains one of the best loan programs for Nigerian entrepreneurs in 2025. With zero collateral, low interest, and CBN support, it is ideal for startups and small businesses seeking sustainable growth.
👉 Apply Now: agsmeisapp.nmfb.com.ng
👉 Find EDI Centers: NMFB List of Training Providers
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