Federal Government SMEDAN Loan MSME Fund | Apply for FREE

Federal Government SMEDAN Loan MSME Fund

You are on the right page where you will get all the information about Federal Government SMEDAN Loan MSME Fund. Without wasting so much of your time let’s start right away.

We have to create this page because of the kind of message and email we are getting from all over the country regarding the link to apply. As we said before we are here to see or guide you through.

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Meanwhile, before we show you links you can apply we will like to tell you all you should know about this amazing loan from Federal Government. Without wasting so much of your time let’s start right away.

What you Should Know

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is a government authorized agency created by an Act in 2003.

The objective of SMEDAN is to aid, guide, and facilitate the advancement of the Micro, Small, and Medium Enterprises (MSME) sector of the economy.

The agency accomplishes this objective by assisting Small businesses and entrepreneurs have access to loans and also offering training and mentorship.

Apparently, the MSME sector of the economy is the strength of Nigeria’s economy and it is known that the Nigerian economy will bloom if small businesses and developing entrepreneurs can be empowered with access to funds and training, and this is the objective of The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

Although SMEDAN mostly disburses loans themselves, they are not the main provider of the loan.

They acquire a pool of loans available to small businesses and entrepreneurs from various providers such as banks, microfinance, cooperate societies, and more.

They then offer entrepreneurs and small businesses access to these loans through its platform. There are also loans given by the Central bank of Nigeria (CBN) or Bank of Agriculture (BOA) on its platform.

How to get a loan from the SMEDAN MSME Fund program

To obtain a loan from SMEDAN or any of the fund providers in its pool, follow these steps:

  1. Go to the SMEDAN credit information portal
    The main step is to go to the credit information portal. You can access the portal from your computer, tablet or phone. To access the credit information portal click here.
  2. Choose the type of loan that you want
    Subsequently, choose the type of loan that you are looking for. Click on Access loans on the top menu. There are practically four categories of loans to select from. The four categories of loan accessible includes:

•Personal loan: Personal loans are geared toward assisting individuals to achieve aims/targets quickly

Business loans: Business loans are aimed at helping businesses grow.

Mortgage loans: Mortgage Loans are geared toward helping in obtaining property. It is usually a long-term loan to help individuals own their houses

•Credit card loans: Credit card loans are to assist you on the go

  1. Deliver the required information
    You will be implored next to give the essential details. More like building a profile. You must only give precise information.

Information needed will include the goal of the loan, your age, employment status, and how much you need.

Help Contact information

You can reach out to SMEDAN through the following information:

Address: No 35 Port Harcourt Crescent, Area 11, Off Gimbiya Street, Area 11, Garki, Abuja.

Website: smedan.gov.ng or cip.smedan.gov.ng

Email Address: info@smedan.gov.ng

SMEDAN loan requirement

Considering the fact that loans are not given by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and there is various loan provider in the pool, requirement and collateral demand varies.

Nevertheless, the priority of SMEDAN is on loan without collateral. Or with the least collateral demand. You can apply for the loan as an individual or as a group.