This is how you can apply for the MSMEs (Micro-, Small and Medium-sized Enterprises). The loan is free for application, however there are steps and trainings you need to undergo to be able to access the loan, and on this page we have listed the steps and also provide you with the official recruitment portal to begin application.
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Get access to affordable loans to start and grow you business in 6 steps
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Get Trained
Attend a compulsory training with a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).
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Apply For Loan
Create an account by clicking on ‘Apply now’ as an applicant, validate your BVN and select a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).
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Receive Funds
Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
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Get Business Support Service
The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially
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Make Sales
Sell products and services to pay back loan and make profit.
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Repay Loan
Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.
Click here to the official recruitment portal and to begin application