BOA-SMEDAN Matching Fund Programme (MSEs Loan) Application Portal is now open. See how to apply and get up to 5 million Naira to fund your business idea.
BOA-SMEDAN Matching Fund Programme (MSEs Loan)
As stated above the application is now open for the BOA-SMEDAN Matching Fund Programme for Micro and Small Enterprises (MSEs). You can visit the smedan.gov.ng or apply directly via the link provided below.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Agriculture (BOA), desirous of building synergy in key areas of their respective mandate, have jointly scheduled an intervention Matching Fund Programme for MSEs to boost the output of micro and small enterprises (MSEs) across the country.
- The Matching Fund initiative will commence on Tuesday, 15th December 2020
- With the opening of the programme, the portal is a promotional intervention meant to deliver credit to the sub-sector, with triple objectives of enhancing enterprise output, competitiveness and jobs creation.
- The disbursing entity, under the programme, shall be the Bank of Agriculture Ltd (BOA).
- Target beneficiaries for this programme shall be labour-intensive micro or small enterprises (MSEs), operating in the real sector. These shall ideally have innovative value-added products that are establishing a footprint in the Nigerian market and require additional funds to increase output
Businesses may apply for loans within the range of N1.2 million to N5 million on business-friendly terms. latter includes a waiver of collateral
How to apply for BOA-SMEDAN Matching Fund Programme (MSEs Loan)
All interested applicants from all suitably qualified MSEs located in the Federal Capital Territory (FCT), Kaduna and Oyo state to apply for the programme.
Please Note: Prospective beneficiaries must be registered with SMEDAN. Click here to see how to register for the free ongoing SMEDAN Business Registration.
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