CBN Maize Aggregation Scheme

CBN Maize Aggregation Scheme

Lender

Central Bank of Nigeria

Eligibility

The fund is available to businesses involved in the following areas listed below to enable them finance the purchase of home-grown maize.

– Feed Millers                – Poultry Farmers          – Silos Operators     

-Warehouse Operators     – Confectionery

Loan Limit

Maximum Limit: N2B.

Interest Rate

Maximum Interest Rate: 9% p.a
Moratorium available

Max Tenor

Maximum Tenor: 12 months

Security Required

Minimum Equity Contribution-30% of total project cost plus any of legal mortgage, all assets debentures, personal guarantor

Documents Required

  • Customer’s request letter
  • Company registration
  • Cash flow analysis
  • Audited financials (if applicable)
  • Valuation report of property to be pledged as collateral
  • Legal mortgage over suitable property to be pledged as collateral

Approval Time

About Four (4) months from the time you submit all the required documentation

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
10 00010 000 000
160
050
 
 
 

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