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BOA-SMEDAN N5M Fund: Contact/ Requirements & How To Apply

by myeduproject
written by myeduproject

BOA-SMEDAN N5M Fund: Contact/ Requirements & How To Apply

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BOA-SMEDAN N5M Fund: Contact/ Requirements & How To Apply: The portal for Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Agriculture (BOA) loan application has officially opened for massive applications

Applicants from three states and Abuja will hit the ground in the loan programme running, other states will join after the “test run” according to Dr. Dikko Umaru Radda, the Director General and Chief Executive Officer of SMEDAN

Only small businesses are liable for such loan, beneficiares will be going home with N1.2 million to N5million loans.

Also see SMEDAN, BOA Open N5m Loan: Application Ongoing- Apply Here

“Target beneficiaries for this programme shall be labor-intensive micro or small enterprises (MSEs), operating in the real sector. These shall ideally be innovative value-added products that are establishing footprint in the Nigerian market, and require additional funds to increase output”

Small enterprises located in Kaduna, Oyo and Federal Capital Territory (FCT) are permitted to apply for the loan initiative

Funds will be deployed immediately to applicants that meet all requirements

General Requirements

  • You must be a Nigerian
  • Your Business must be Operating in Kaduna, Oyo or FCT
  • Must be opareting since 2018
  • Your Business must employ at least two person from the loan requested
  • Businesses into food processing or agro-allied are at advantage
  • Audited Financial Statement

 Business Compliance:

  • CAC Certificate
  • Tax Identification Number
  • Nafdac Number of its products
  • SMEDAN Unique Number

Connect With BOA-SMEDAN Matching Fund

Telephone: +234 706 5000 835/0906 005 9061

 Support@simplifiedcredit.net or www.AGPartnerships.com

How to Apply

All interested applicants should Apply here

or Apply via https://www.simplifiedcredit.net/matching-fund/screening?