The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is a government agency established in 2003 to promote the growth and development of the Micro, Small and Medium Enterprises (MSME) sector of the Nigerian economy.
SMEDAN offers small business owners access to low interest loans as well as training and mentorship.
SMEDAN gives entrepreneurs and small business owners access to low interest loans from different fund providers such as Commercial and Micro-finance banks, cooperate societies and more through its platform.
Loans offered by SMEDAN or fund providers can be accessed through the SMEDAN credit information portal.
Steps To Getting A SMEDAN Loan
- The first step is to visit the credit information portal of SMEDAN – http://cip.smedan.gov.ng/.
- The next step is to select the business loan option.
- Provide basic information on your loan needs such as age, employment status and how much needed and purpose of loan.
- Get search results based on the basic information provided
View the loan requirements and the interest rates of the loans that appeared on search results and apply for a loan