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Nairaland Forum / Nairaland / General / Business / How To Access Cbn's N220 Billion Development Fund (4209 Views)
Dollar Is Now N220 At Parallel Market While N197.5 At CBN Rate / Dollar Crash To N220 / Startups Can Now Apply To The Cbn’s ₦220 Billion MSME Development Fund. (2) (3) (4)
How To Access Cbn's N220 Billion Development Fund by Barblow(m): 4:23pm On Mar 23, 2015 |
How to Access the CBN's N220 Billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) 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. For more information, please send e-mail or call: msmedf@cbn.gov.ng 09-46238600, 09-46238608 or 07080650000 or 07080651392 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by Nobody: 6:53pm On Mar 23, 2015 |
What about media & entertainment? 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 8:54pm On Mar 23, 2015 |
Re: How To Access Cbn's N220 Billion Development Fund by Nobody: 9:53pm On Mar 23, 2015 |
Barblow: Any collateral needed? 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by soke92(m): 9:57pm On Mar 23, 2015 |
What about transport sector 2 Likes |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 10:16pm On Mar 23, 2015 |
Re: How To Access Cbn's N220 Billion Development Fund by Nobody: 10:21pm On Mar 23, 2015 |
Barblow: OK, Thanks. Can I obtain the form from any bank? e.g UBA, GTBank, etc 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 10:27pm On Mar 23, 2015 |
MSPConcept: Yea, but take along your Business plan or statement. |
Re: How To Access Cbn's N220 Billion Development Fund by Nobody: 10:38pm On Mar 23, 2015 |
Barblow: WOW, THANKS 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by labamo07(m): 4:49am On Mar 24, 2015 |
This is a brilliant information that should make the front page not selfies taken by artistes. 2 Likes |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 8:18am On Mar 24, 2015 |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 8:24am On Mar 24, 2015 |
labamo07: Yea, you can find the detailed information on Punch newspaper of Monday, 23rd March, 2015 (p.54) 2 Likes |
Re: How To Access Cbn's N220 Billion Development Fund by bedfordng(m): 9:42am On Mar 24, 2015 |
good initiatives 1 Like 1 Share |
Re: How To Access Cbn's N220 Billion Development Fund by 40dogzz(m): 2:01pm On Mar 24, 2015 |
u guys ar saying good initiative, do u think is easy like that. Pls i give me more details. 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by kentochi(m): 5:23pm On Mar 24, 2015 |
40dogzz Have said it all is not easy as the op pant it to be there will be a lot of this and that. But we can always try. 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by 40dogzz(m): 8:46pm On Mar 24, 2015 |
two head is better than 1, even the bible said so. If any1 can parter with me lets see how we can brain storm & access this loan. Ladies u ar also welcome coz u people have the upper hand here. u can send me email petmore54@gmail.com, am in abuja. Am have passion 4 agric & food but ur ideas ar also welcome. 1 Like 1 Share |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 8:53pm On Mar 24, 2015 |
40dogzz: Please check the Punch newspaper of Monday, 23rd March, 2015 (p.54) for more details or call any of the numbers in the above post. |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 8:55pm On Mar 24, 2015 |
kentochi: Yea! There is no crime in trying... |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 9:03pm On Mar 24, 2015 |
40dogzz: I like your initiative |
Re: How To Access Cbn's N220 Billion Development Fund by chimaude: 9:43pm On Mar 25, 2015 |
I was at 1st Bank Aba road PHC today to enquire 4 it today, but d told Me d ain't aware of such. Tomorow I'll try FCMB 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 9:53pm On Mar 25, 2015 |
chimaude: You can try Bank of Industry (BOI) if you have a branch in your state |
Re: How To Access Cbn's N220 Billion Development Fund by Nobody: 9:55pm On Mar 25, 2015 |
chimaude:I downloaded the pdf from CBN website, hmmm the procedures for the loan no easy at all ooo, bt dnt give up sha 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 10:32pm On Mar 25, 2015 |
MSPConcept: Nothing good comes easy... 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by amadu777: 11:39pm On Mar 26, 2015 |
commercials banks are [size=20pt]ba$tards[/size] commercials banks are [size=20pt]crooooks[/size] they collect this 220Bn at 9% and they use it for they loans at 26% like construction etc... do you really believe banks are gonna help poor get richer !! i had a plan for a small production line ( 8M needed for machines and 2M for warehouse ) they wr askn for collateral and 26% !! thieves ba$stards croocks some commercials banks should be closed under d chapter 419 and their fat pigs managers should be arrested by EFCC 3 Likes |
Re: How To Access Cbn's N220 Billion Development Fund by amadu777: 11:45pm On Mar 26, 2015 |
chimaude: no sir they are aware they are fkn aware they r bloody aware but they collected that money from CBN and they will make fake papers that they will borrow us for 9% !! while the y will use for commercial loans and investment like estates and construction etc... and they will collect 26% + collateral (plotted land) 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by soke92(m): 8:39am On Mar 27, 2015 |
What is the possibilities of one getting the loan,u know how things play out in the country 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by soke92(m): 8:39am On Mar 27, 2015 |
What is the possibilities of one getting the loan?u know how things play out in the country 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 11:31am On Mar 27, 2015 |
amadu777: Maybe I should try Banks of Industry (BOI) and or Bank of Agriculture (BOA) that is nearer! Cos what you ssid of commercial banks are most true! |
Re: How To Access Cbn's N220 Billion Development Fund by amadu777: 12:20pm On Mar 27, 2015 |
Barblow: Please keep us posted I wonder y CBN doesn't pay direct ? |
Re: How To Access Cbn's N220 Billion Development Fund by soke92(m): 1:45pm On Mar 27, 2015 |
Pls which bank u advice one to contact for the loan 1 Like |
Re: How To Access Cbn's N220 Billion Development Fund by 40dogzz(m): 2:22pm On Mar 27, 2015 |
amadu777:Lets tell ourselves the truth, this govt is not ready for smes, is just lip service. If u don't have connect u can't get it. I laugh when i said i have connect in youwin & some people said am a lier. No be 9ja again? |
Re: How To Access Cbn's N220 Billion Development Fund by Barblow(m): 10:27pm On Mar 27, 2015 |
amadu777: CBN is too big to engage in such transaction |
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