Details of Loan:
Loans of up to 1 million Naira will be awarded to qualified Individuals, the aim of this loan is to enhance the growth and sustainability of food-related businesses across the Nigeria.
Eligibility Criteria:
To ensure that the loan reaches those in dire need of the Loan, the Nigerian Government has outlined specific eligibility criteria for existing businesses:
1. Operational Duration:
Businesses must have been in operation for at least one year, demonstrating stability and a commitment to the industry.
2. Business Registration:
All applicants must have officially registered, indicating a formal commitment to their entrepreneurial endeavors.
3. CAC Registration:
All applicants, whether existing businesses or start-ups, must provide Corporate Affairs Commission (CAC) registration documents to verify the legitimacy of their enterprises.